Oracle Corporation announced 2019 Q4 fiscal results and fiscal 2019 full year results. Total Quarterly Revenues were USD 11.1 billion, up 1 percent in USD and up 4 percent in constant currency compared to Q4 last year. Cloud Services and License Support revenues were USD 6.8 billion, while Cloud License and On-Premise License revenues were USD 2.5 billion. Total Cloud Services and License Support plus Cloud License and On-Premise License revenues were USD 9.3 billion, up 3 percent in USD and 6 percent in constant currency.
Q4 GAAP Operating Income was up 2 percent to USD 4.3 billion and GAAP operating margin was 38 percent. Non-GAAP Operating Income was up 4 percent to USD 5.3 billion and non-GAAP operating margin was 47 percent. GAAP Net Income was up 14 percent to USD 3.7 billion and non-GAAP Net Income was up 3 percent to USD 4.1 billion. GAAP Earnings Per Share was USD 1.07, while non-GAAP Earnings Per Share was USD 1.16.
Short-term deferred revenues were USD 8.4 billion and operating cash flow for fiscal 2019 was USD 14.6 billion.
For fiscal year 2019, Total Revenues were USD 39.5 billion, slightly higher in USD and up 3 percent in constant currency. Cloud Services and License Support revenues were USD 26.7 billion, while Cloud License and On-Premise License revenues were USD 5.9 billion. Total Cloud Services and License Support plus Cloud License and On-Premise revenues were USD 32.6 billion, up 2 percent in USD and 4 percent in constant currency.
Fiscal 2019 GAAP Operating Income was USD 13.5 billion, and GAAP operating margin was 34 percent. Non-GAAP Operating Income was USD 17.4 billion, and non-GAAP operating margin was 44 percent. GAAP Net Income was USD 11.1 billion, while non-GAAP Net Income was USD 13.1 billion. GAAP Earnings Per Share increased 251 percent to $2.97, while non-GAAP Earnings Per Share was up 16 percent to USD 3.52.
“In Q4, our non-GAAP operating income grew 7 percent in constant currency—which drove EPS well above the high end of my guidance,” said Oracle CEO, Safra Catz. “Our high-margin Fusion and NetSuite cloud applications businesses are growing rapidly, while we downsize our low-margin legacy hardware business. The net result of this shift away from commodity hardware to cloud applications was a Q4 non-GAAP operating margin of 47 percent, the highest we’ve seen in five years.”
“Our Fusion ERP and HCM cloud applications suite revenues grew 32 percent in FY2019,” said Oracle CEO, Mark Hurd. “Our NetSuite ERP cloud applications revenues also grew 32 percent this year. These strong results extend Oracle’s already commanding lead in worldwide Cloud ERP. Our cloud applications businesses are growing faster than our competitors. That said, let me call your attention to the following approved statement from industry analyst IDC.”
Per IDC’s latest annual market share results, Oracle gained the most market share globally out of all Enterprise Applications SaaS vendors three years running—in CY16, CY17, and CY18.
“We added over five thousand new Autonomous Database trials in Q4,” said Oracle Chairman and CTO, Larry Ellison. “Our new Gen2 Cloud Infrastructure offers those customers a compelling array of advance technology features including our self-driving database that automatically encrypts all your data, backs itself up, tunes itself, upgrades itself, and patches itself when a security threat is detected. It does all of this autonomously—while running—without the need for any human intervention, and without the need for any downtime. No other cloud infrastructure provides anything close to these autonomous features.”