Summary
Oracle Corporation reported solid revenue and net income growth for the third quarter of fiscal year 2021. Total revenues increased by 4% year-over-year to $9.73 billion, driven primarily by a 4% increase in the Cloud and License segment. Net income saw a significant jump of 9% to $2.46 billion, resulting in diluted earnings per share of $0.86, up from $0.72 in the prior year. Key financial highlights include a robust increase in operating income, up 7% to $3.43 billion. The company's cash flow from operations remained strong at $5.39 billion, though slightly down from the prior year. Oracle continued its aggressive share repurchase program, spending $8.0 billion in the quarter. Despite a decrease in cash and cash equivalents and marketable securities, the company maintains a healthy liquidity position, with ample resources to fund operations, investments, and shareholder returns.
Financial Highlights
54 data points| Revenue | $9.73B |
| R&D Expenses | $1.68B |
| Operating Expenses | $6.30B |
| Operating Income | $3.43B |
| Interest Expense | $705.00M |
| Net Income | $2.46B |
| EPS (Basic) | $0.89 |
| EPS (Diluted) | $0.86 |
| Shares Outstanding (Basic) | 2.77B |
| Shares Outstanding (Diluted) | 2.86B |
Key Highlights
- 1Total revenues increased by 4% to $9.73 billion, driven by the Cloud and License segment.
- 2Net income grew by 9% to $2.46 billion, with diluted EPS rising to $0.86.
- 3Operating income increased by 7% to $3.43 billion, indicating improved profitability.
- 4Cash flow from operations remained strong at $5.39 billion.
- 5The company repurchased approximately $8.0 billion of its common stock during the quarter.
- 6Deferred revenues increased significantly, indicating future revenue potential.
- 7Cloud services and license support revenues, a key growth driver, increased by 6%.