Summary
Oracle Corporation's (ORCL) 10-Q filing for the period ending November 30, 2019, indicates a stable financial performance with slight revenue growth, primarily driven by its Cloud services and license support segment. Total revenues saw a modest increase of 1% year-over-year to $9.614 billion for the quarter, with a constant currency growth of 1%. The company continues to focus on its strategic shift towards cloud offerings, which now constitute 83% of trailing 4-quarter revenues. Profitability remained strong, with operating income increasing by 3% to $3.183 billion and operating margin expanding to 33%.
Financial Highlights
54 data pointsBeta
Financial Statements
Beta
| Revenue | $9.61B |
| R&D Expenses | $1.53B |
| Operating Expenses | $6.43B |
| Operating Income | $3.18B |
| Interest Expense | $465.00M |
| Net Income | $2.31B |
| EPS (Basic) | $0.71 |
| EPS (Diluted) | $0.69 |
| Shares Outstanding (Basic) | 3.25B |
| Shares Outstanding (Diluted) | 3.33B |
Key Highlights
- 1Total revenues for the three months ended November 30, 2019, were $9.614 billion, a 1% increase year-over-year (1% in constant currency).
- 2Cloud services and license support revenues, the largest segment, increased by 3% year-over-year to $6.811 billion.
- 3Operating income grew by 3% to $3.183 billion, with an operating margin of 33%, up from 32% in the prior year period.
- 4The company repurchased $10.0 billion of common stock during the six months ended November 30, 2019, compared to $20.0 billion in the prior year period, indicating a potentially moderated share buyback program.
- 5Cash, cash equivalents, and marketable securities decreased by 27% to $27.444 billion, primarily due to stock repurchases and debt repayments.
- 6Net cash provided by operating activities decreased by 10% to $6.513 billion for the six months ended November 30, 2019.
- 7The company continues to face ongoing legal proceedings, notably the Hewlett-Packard Company litigation, with uncertain but potentially material financial impacts.