Oracle Q3 2020 Earnings Report
Key Takeaways
Oracle announced Q3 fiscal year 2020 results with total revenues of $9.8 billion, up 2% year-over-year, and GAAP EPS of $0.79, up 4%. Cloud Services and License Support revenues were $6.9 billion, up 4% year-over-year. The Board of Directors increased the authorization for share repurchases by $15.0 billion.
Q3 FY20 GAAP EPS increased by 4% to $0.79, and Non-GAAP EPS increased by 11% to $0.97.
Total Revenues reached $9.8 billion, a 2% increase year-over-year, and 3% in constant currency.
Cloud Services & License Support Revenues amounted to $6.9 billion, a 4% increase year-over-year, and 5% in constant currency.
Fusion ERP Cloud Revenues grew by 37% year-over-year, and 38% in constant currency.
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Oracle Revenue by Segment
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Forward Guidance
Oracle did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income