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Nov 30, 2021
Oracle Q2 2022 Earnings Report
Oracle's Q2 fiscal year 2022 financial results were announced, with total revenue up 6% to $10.4 billion and non-GAAP EPS up 14% to $1.21, beating guidance by $0.10.
Key Takeaways
Oracle announced its Q2 Fiscal Year 2022 financial results, revealing a 6% increase in total revenue, reaching $10.4 billion. The cloud sector, encompassing IaaS and SaaS, experienced a 22% growth, contributing $2.7 billion to the total revenue. Non-GAAP EPS increased by 14% to $1.21, surpassing expectations by $0.10.
Total revenue increased by 6% year-over-year to $10.4 billion.
Cloud services and license support revenues grew by 6% to $7.6 billion.
Cloud license and on-premise license revenues increased by 13% to $1.2 billion.
Non-GAAP earnings per share was up 14% to $1.21, beating guidance by $0.10.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Oracle's CEO, Safra Catz, anticipates continued growth in the infrastructure and applications cloud businesses, projecting them to approach $11 billion in annualized revenue. The company expects database market and technology leadership will be sustained by Oracle's Autonomous Database and new MySQL Database with HeatWave.
Positive Outlook
- Growth of infrastructure and applications cloud businesses.
- Oracle's Autonomous Database and new MySQL Database with HeatWave are the world’s two highest-performance databases.
- Oracle database on-premise customers are choosing our Autonomous Database as they move to the public cloud and our unique Cloud@Customer service.
- Amazon Aurora customers are discovering that moving to MySQL with HeatWave can increase their performance by more than ten-times—with a corresponding reduction in cost.
- The board of directors increased the authorization for share repurchases by $10 billion.
Challenges Ahead
- The COVID-19 pandemic has affected how we and our customers are operating our respective businesses, and the duration and extent to which this will impact our future results of operations remains uncertain.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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