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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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