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Oracle
🇺🇸 NYSE:ORCL
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Nov 30, 2020

Oracle Q2 2021 Earnings Report

Announced fiscal year 2021 second quarter financial results, with GAAP EPS up 16% to $0.80 and total quarterly revenues up 2% year-over-year to $9.8 billion.

Key Takeaways

Oracle's Q2 FY2021 results showed a 2% increase in total quarterly revenues, reaching $9.8 billion. GAAP EPS increased by 16% to $0.80, and non-GAAP EPS rose by 19% to $1.06. The growth was driven by Fusion Cloud ERP and NetSuite Cloud ERP, which increased revenue by 33% and 21% respectively.

Q2 FY2021 GAAP EPS increased by 16% to $0.80, while Non-GAAP EPS increased by 19% to $1.06.

Oracle Gen2 Cloud Infrastructure and Autonomous Database revenue increased by over 100%.

Fusion Cloud ERP revenue increased by 33%, and NetSuite Cloud ERP revenue increased by 21%.

Total quarterly revenues were up 2% year-over-year to $9.8 billion.

Total Revenue
$9.8B
Previous year: $9.62B
+1.9%
EPS
$1.06
Previous year: $0.9
+17.8%
Gross Profit
$7.86B
Previous year: $7.57B
+3.9%
Cash and Equivalents
$28B
Previous year: $24.5B
+14.1%
Free Cash Flow
$820M
Previous year: $164M
+400.0%
Total Assets
$110B
Previous year: $98.4B
+11.8%

Oracle

Oracle

Oracle Revenue by Segment

Oracle Revenue by Geographic Location

Forward Guidance

Oracle anticipates continued growth in cloud services and license support revenues, driven by the increasing adoption of Oracle Gen2 Cloud Infrastructure and Autonomous Database.

Positive Outlook

  • Expects to have 38 Cloud regions live by mid-2021.
  • Oracle increased its already aggressive expansion plan.
  • Opened 13 Cloud regions so far in 2020.
  • Customers ranked Oracle highest in overall satisfaction among SAP, Microsoft, and Workday.
  • Is helping drive the transition to a sustainable energy future.

Challenges Ahead

  • The COVID-19 pandemic has affected how Oracle and its customers are operating their respective businesses.
  • Our cloud strategy, including our Oracle Cloud Software-as-a-Service and Infrastructure-as-a-Service offerings, may adversely affect our revenues and profitability.
  • We might experience significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings.
  • Economic, political and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price.
  • Acquisitions present many risks and we may not achieve the financial and strategic goals that were contemplated at the time of a transaction.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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