Oracle Q4 revenue beats estimates

Oracle has reported its fiscal 2021 Q4 results, revealing total quarterly revenue growth of 8 percent year-on-year to $11.2bn.

Cloud services and license support revenues were also up 8 percent, to $7.4bn, whilst cloud license and on-premise license revenues were up 9 percent to $2.1bn.

Fiscal year 2021 figures were also strong, with total revenues up 4 percent year-on-year to $40.5bn. Cloud services and license support revenues were up 5 percent to $28.7bn, and cloud license and on-premise license revenues were up 5 percent to $5.4bn.

Oracle CEO, Safra Catz said: “Our Q4 performance was absolutely outstanding with total revenue beating guidance by nearly $200 million, and non-GAAP earnings per share beating guidance by $0.24. Our multi-billion-dollar Fusion and NetSuite cloud applications businesses saw dramatic increases in their already rapid revenue growth rates: Fusion ERP was up 30% in Q3 and up 46 percent in Q4, Fusion HCM was up 23 percent in Q3 and up 35 percent in Q4, NetSuite was up 24 percent in Q3 and up 26 percent in Q4. Oracle Fusion is the world’s biggest cloud ERP business; Oracle NetSuite is the world’s second biggest cloud ERP business.

“Revenue from our Gen2 Cloud Infrastructure business including Autonomous Database grew over 100 percent in Q4. The accelerating growth rates of both our applications and infrastructure cloud businesses this year drove earnings per share growth up to 21 percent in FY21. That is the fourth consecutive year of double-digit earnings per share growth at Oracle Corporation.”