Oracle: Q4 Business Update and Fiscal Year 2021 Financial Results

  •   19/07/2021 - 12h23
  •   DEHOUI Lionel

Oracle specializes in offering complete suites of integrated applications. It also offers a secure Generation 2 infrastructure based on the Oracle standalone database. The company has just revealed its performance for the fourth quarter of fiscal year 2021. Here are the most important points of this quarterly report and the annual one for the said fiscal year.

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Oracle: Q4 Business Update and Fiscal Year 2021 Financial Results

Oracle's Q4 revenue and profit

Oracle Group generated more than $11.2 billion as revenue, for the fourth quarter of fiscal 2020/21, a total that was up 8% from the same period last year. Cloud services and license support generated revenue growth of 8% to $7.4 billion.

In addition, cloud and on-premises license revenue grew 9% to $2.1 billion. Operating profit for the period was $4.5 billion, an increase of 5 percent. As a result, the operating margin was 40%, while the non-GAAP margin was 49%, with non-GAAP operating income of $5.4 billion (+6%).

Also, Oracle delivered net income up 29% to $4.0 billion and EPS improved 39% to $1.37 .

Note: Growth was 20% for non-GAAP net income ($4.5 billion). Non-GAAP NFP was $1.54 (+29%). Oracle Group recorded $8.8 billion in current deferred revenue at the end of the quarter. This was up 10% year-over-year.


Oracle's cash position at the end of Q4

On the operating cash flow side, it shows 21% growth in 2021. It reached a record level of $15.9 billion for the full year. So Oracle's performance in the fourth quarter was absolutely outstanding. Its revenue was well above expectations by about $200 million.


Oracle's Business Update for Fiscal Year 2021

In total, Oracle's group business delivered revenues that were up 4% for the full fiscal year 2021. It came in at $40.5 billion. Cloud and on-premise licenses alone generated revenues of $5.4 billion, an increase of 5%. In addition, the company is generating $28.7 billion in annual revenue (+5%) from its cloud services and license support.

In fiscal year 2021, Oracle generated operating profit up 9% to $15.2 billion. Operating margin was 38% for the year. On a non-GAAP basis, operating income and operating margin were $19.0 billion (+9%) and 47% respectively.

Oracle's business in fiscal year 2021 generated net income of $13.7 billion. This is up 36%, while non-GAAP net income was $14.1 billion (+11%).

In addition, earnings per share (EPS) for fiscal year 2021 amounted to $4.55. The group's business therefore generated EPS growth of 48%. Earnings per share growth was just 21% ($4.67) on a non-GAAP basis.