Cloud revenue up 37%, buoyed by strong growth across Fusion ERP Cloud and NetSuite.
Fusion ERP Cloud Revenue Up 37%; Autonomous Database Cloud Revenue Up >100%
REDWOOD SHORES, Calif., Dec. 12, 2019 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. Total Revenues were $9.6 billion, up 1% in USD and in constant currency compared to Q2 last year. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $1.1 billion.
GAAP Operating Income was up 3% to $3.2 billion, and GAAP Operating Margin was 33%. Non-GAAP Operating Income was $4.0 billion, and non-GAAP Operating Margin was 42%. GAAP Net Income was $2.3 billion, and non-GAAP Net Income was $3.0 billion. GAAP Earnings Per Share was up 14% to $0.69, while non-GAAP Earnings Per Share was up 12% to $0.90.
Short-term deferred revenues were $8.1 billion. Operating Cash Flow was $13.8 billion during the trailing twelve months.
“We had another strong quarter in our Fusion and NetSuite cloud applications businesses with Fusion ERP revenues growing 37% and NetSuite ERP revenues growing 29%,” said Oracle CEO, Safra Catz. “This consistent rapid growth in the now multibillion dollar ERP segment of our cloud applications business has enabled Oracle to deliver a double-digit EPS growth rate year-after-year. I fully expect we will do that again this year.”
“It’s still early days, but the Oracle Autonomous Database already has thousands of customers running in our Gen2 Public Cloud,” said Oracle CTO, Larry Ellison. “Currently, our Autonomous Database running in our Public Cloud business is growing at a rate of over 100%. We expect that growth rate to increase dramatically as we release our Autonomous Database running on our Gen2 Cloud@Customer into our huge on-premise installed base over the next several months.”
