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Feb 28, 2023
Oracle Q3 2023 Earnings Report
Oracle's Q3 fiscal year 2023 financial results were announced, with total revenue up 18% and non-GAAP EPS at $1.22.
Key Takeaways
Oracle announced Q3 fiscal year 2023 results with total revenue of $12.4 billion, up 18% in USD and 21% in constant currency. Non-GAAP EPS reached $1.22, driven by strong growth in cloud services.
GAAP earnings per share was $0.68, while non-GAAP earnings per share was $1.22.
Total revenue reached $12.4 billion, reflecting an 18% increase in USD and a 21% increase in constant currency.
Cloud revenue (IaaS plus SaaS) was $4.1 billion, up 45% in USD and 48% in constant currency.
Cloud Infrastructure (IaaS) revenue was $1.2 billion, up 55% in USD and 57% in constant currency.
Oracle
Oracle
Oracle Revenue by Segment
Oracle Revenue by Geographic Location
Revenue by Segment
Cloud & On-Prem License Revenue
CapyFin.comHardware Revenue
CapyFin.comServices Revenue
CapyFin.comApps Cloud & Support Revenue
CapyFin.comInfra Cloud & Support Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
Oracle expects continued growth in its cloud businesses and healthcare sector due to recent Cerner acquisition.
Positive Outlook
- Strong quarterly earnings growth driven by cloud businesses.
- Cloud businesses now exceed $16 billion in annualized revenue.
- Leader in Cloud ERP with approximately 10,000 Fusion ERP customers.
- Over 34,000 NetSuite ERP customers.
- Technically advanced Gen2 infrastructure business in hypergrowth phase.
Challenges Ahead
- US dollar strengthening compared to foreign currencies.
- Increased operating expenses.
- Increased amortization of intangible assets.
- Increased restructuring expenses.
- Unfavorable legal proceedings.
Revenue & Expenses
Visualization of income flow from segment revenue to net income