Oracle’s second-quarter revenue of $12.3 billion increased 18% year-on-year

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Sina Technology News Beijing time on the morning of December 13th, Oracle Corporation (NYSE: ORCL) today released its financial report for the second quarter of fiscal year 2023 ending November 30, 2022. The financial report shows that Oracle’s total revenue in the second quarter was US$12.3 billion, an increase of 18% year-on-year. Net income was $1.74 billion, compared with a net loss of $1.25 billion a year earlier. Non-GAAP net income was US$3.31 billion, compared to US$3.38 billion in the same period last year.

Second quarter results:

Total revenue was $12.3 billion, up 18% year-over-year. If the exchange rate effect is excluded, it will increase by 25% year-on-year.

Among them, cloud services and license support (Cloud services and license support) revenue was 8.6 billion US dollars, a year-on-year increase of 14%. If the exchange rate effect is excluded, it will increase by 20% year-on-year.

Among them, cloud service revenue (IaaS plus SaaS) was US$3.8 billion, a year-on-year increase of 43%. If the exchange rate effect is excluded, it will increase by 48% year-on-year. Among them, cloud infrastructure revenue (IaaS) was US$1 billion, a year-on-year increase of 53%. If the exchange rate effect is excluded, it will increase by 59% year-on-year. Cloud application (SaaS) revenue was $2.8 billion, up 40% year-over-year. If the exchange rate effect is excluded, it will increase by 45% year-on-year.

Fusion Cloud ERP (SaaS) revenue was $600 million, up 23% year-over-year. If the exchange rate effect is excluded, it will increase by 28% year-on-year. NetSuite Cloud ERP (SaaS) revenue was $600 million, up 25% year-over-year. If the exchange rate effect is excluded, it will increase by 29% year-on-year.

Cloud license and on-premise license revenue was $1.4 billion, up 16% year-over-year. If the exchange rate effect is excluded, it will increase by 23% year-on-year.

Its health information company Cerner has revenue of $1.5 billion.

Operating expenses were $9.2 billion, compared with $11.18 billion a year earlier.

Among them, sales and marketing expenses were $2.22 billion, compared with $1.95 billion in the same period last year. Research and development expenses were $2.16 billion, compared to $1.75 billion a year earlier. General and administrative expenses were $366 million , compared to $319 million in the same period last year.

Operating profit was $3.1 billion, compared with an operating loss of $824 million a year earlier. Non-GAAP operating profit was $5.1 billion, up 5% year-over-year. If the exchange rate effect is excluded, it will increase by 12% year-on-year. The operating margin was 25%, and the non-GAAP operating margin was 41%.

Net income was $1.74 billion, compared with a net loss of $1.25 billion a year earlier. Non-GAAP net income was US$3.31 billion, compared to US$3.38 billion in the same period last year.

Short-term deferred revenue was $8.7 billion. Cash flow from operations was $15.1 billion in the trailing 12 months.

Oracle’s board of directors announced today a cash dividend of $0.32 per share for the second quarter. The dividend will be paid on January 24, 2023 to shareholders of record as of the close of business on January 10.

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