Oracle announced its Q1 fiscal year 2021 results, with total quarterly revenues up 2% year-over-year to $9.4 billion. GAAP EPS increased by 16% to $0.72, and non-GAAP EPS rose by 15% to $0.93. Cloud services and license support revenues also increased by 2% to $6.9 billion.
GAAP EPS increased by 16% year-over-year to $0.72, while non-GAAP EPS increased by 15% to $0.93.
Total quarterly revenues were up 2% year-over-year to $9.4 billion.
Cloud services and license support revenues were up 2% to $6.9 billion.
Fusion ERP cloud revenue increased by 33%, and NetSuite ERP cloud revenue increased by 23%.
Oracle anticipates revenue acceleration and continued growth in cloud applications and infrastructure businesses.
Visualization of income flow from segment revenue to net income