Oracle (ORCL) Q3 Earnings And Revenues Surpass Estimates

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Oracle (ORCL - Free Report) reported third-quarter fiscal 2021 non-GAAP earnings of $1.16 per share, beating the Zacks Consensus Estimate by 4.5%. Further, the bottom line was up 20% from the year-ago quarter (up 16% at constant currency or cc). Management had guided non-GAAP earnings per share between $1.09 and $1.30 at USD, and $1.06 and $1.10 at cc.

Moreover, non-GAAP revenues increased 3% (flat at cc) year over year to $10.086 billion, outpacing the Zacks Consensus Estimate by 0.3%. For third-quarter fiscal 2021, Oracle had anticipated total revenue growth rate on a year-over-year basis in the range of 2-4% at USD and 1-3% at cc.

Top Line in Detail

Oracle reported total revenues (on a GAAP basis) of $10.085 billion, up 3% (flat at cc) year over year, primarily led by improvement in cloud business.

Revenues by Offerings

Oracle’s top line benefited from ongoing cloud-based momentum. Cloud services and license support revenues (72% of total revenues) in the reported quarter increased 5% year over year (up 2% at cc) to $7.252 billion.

Break up of Cloud services and license support revenues

Applications revenues (contributed 41% to total cloud services and license support revenues) amounted to $2.952 billion, up 5% year over year (up 3% at cc).

Infrastructure related revenues (59%) were $4.3 billion, up 4% on a year-over-year basis (up 2% at cc).

Oracle Corporation Price, Consensus and EPS Surprise

Oracle Corporation Price, Consensus and EPS Surprise

Oracle Corporation price-consensus-eps-surprise-chart | Oracle Corporation Quote

Meanwhile, Cloud license and on-premise license revenues (13% of total revenues) improved 4% year over year (flat at cc) to $1.276 billion.

Hardware revenues (8% of total revenues) were $820 million, down 4% (down 6% at cc) on a year-over-year basis.

Services revenues (7% of total revenues) declined 5% (down 8% at cc) to $737 million.

Revenues by Geography

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