Oracle Reports Fiscal Q4 2012 EarningsBy: Shawn Hess - June 19, 2012
GAAP revenues for the quarter are up 1% to almost $11 billion. Non-GAAP total revenues were also up 1% and came in at exactly $11 billion.
New software license revenues for both GAAP and non-GAAP, were up 7% to $4.0 billion. Software license updates and product support revenues, GAAP and non-GAAP were up 5% to $4.2 billion.
Systems products revenues for GAAP and non-GAAP were down 16% to $977 million. Operating income (GAAP) was up 5% to $4.6 billion, and operating margin (also GAAP) was 42%.
For non-GAAP, operating income was up 5% to $5.5 billion, and operating margin was 50%. Non-GAAP net income came in at $4.1 billion, up 7%, while GAAP net income came in at $3.5 billion, up 8%.
GAAP earnings per share were $0.69, up 11% compared to last year, while non-GAAP earnings per share were up 10% to $0.82. Operating cash flow (GAAP) for fiscal year 2012 was $13.7 billion, up 23% compared to last year.
Here’s what Oracle had to say in their earnings report:
Without the impact of the US dollar strengthening compared to foreign currencies, Oracle’s reported Q4 GAAP earnings per share would have been $0.03 higher at $0.72, up 16%, and Q4 non-GAAP earnings per share would have been $0.04 higher at $0.86, up 15%. Both GAAP and non-GAAP total revenues also would have been up 5%, GAAP new software license revenues would have been up 11%, non-GAAP new software license revenues would have been up 12% and both GAAP and non-GAAP hardware systems products revenues would have been down 13%.
For fiscal year 2012, GAAP total revenues were up 4% to $37.1 billion, while non- GAAP total revenues were up 4% to $37.2 billion. GAAP new software license revenues were up 7% to $9.9 billion. Non-GAAP new software license revenues were up 8% to $9.9 billion.GAAP software license updates and product support revenues were up 10% to $16.2 billion, while non-GAAP software license updates and product support revenues were up 9% to $16.3 billion. Both GAAP and non-GAAP hardware systems products revenues were $3.8 billion.
GAAP operating income was up 14% to $13.7 billion, and GAAP operating margin was 37%. Non-GAAP operating income was up 8% to $17.2 billion, and non-GAAP operating margin was 46%. GAAP net income was up 17% to $10.0 billion, while non-GAAP net income was up 10% to $12.5 billion. GAAP earnings per share were $1.96, up 18% compared to last year while non- GAAP earnings per share were up 11% to $2.46.
Oracle President, Mark Hurd comments on the results of the fourth quarter:
“Our engineered systems business is now operating at well over a billion dollar revenue run rate,”
“For the year, the Exadata, Exalogic, Exalytics, SPARC SuperCluster and the Oracle Big Data Appliance product group grew over 100% year-over-year.”
Oracle President and CFO, Safra Catz comments on the results of the fourth quarter:
“Our record-breaking fourth quarter featured several all-time highs for Oracle: new software license sales of $4 billion, total software revenue of $8 billion, total revenue of $11 billion, and EPS of 82 cents,”
“For the fiscal year, we also set all-time highs for operating margins of 46%, and operating cash flow of $13.7 billion.”
Oracle Chief Executive Officer, Larry Ellison comments on the results of the fourth quarter:
“The development of Oracle Cloud is strategic to increasing the size and profitability of Oracle’s software business,”
“Our Oracle Cloud SaaS business is nearly at a billion dollar revenue run rate, the same size as our engineered systems hardware business. The combination of engineered systems and the Oracle Cloud will drive Oracle’s growth in FY 2013.”