Oracle cloud division drives FY18 revenue growth
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All amounts are in USD
Oracle announced fiscal 2018 US Q4 results and fiscal 2018 full year results with total revenues up 3% to $11.3 billion compared to Q4 last year.
It was a good quarter for Oracle’s cloud divisions as, despite Cloud License and On-Premise License revenues being down 5% to $2.5 billion, Cloud Services and License Support revenues were up 8% to $6.8 billion.
GAAP Operating Income was up 8% to $4.4 billion, and GAAP Operating Margin was 39%.
Non-GAAP Operating Income was up 6% to $5.3 billion, and non-GAAP Operating Margin was 47%.
GAAP Net Income was $3.4 billion, and non-GAAP Net Income was $4.1 billion.
GAAP Earnings Per Share was up 8% to $0.82, while non-GAAP Earnings Per Share was up 11% to $0.99.
At the end of Q4, short-term deferred revenues were up 2% to $8.4 billion, while Operating Cash Flow on a trailing twelve-month basis was up 9%, or $1.3 billion, to a record $15.4 billion.
For the full fiscal year 2018, Total Revenues were up 6% to $39.8 billion compared to fiscal 2017.
FY18 cloud results mirror Q4 with Cloud Services and License Support revenues up 10% to $26.3 billion and Cloud License and On-Premise License revenues down 4% to $6.2 billion.
GAAP Operating Income was up 8% to $13.7 billion, and GAAP Operating Margin was 34%.
Non-GAAP Operating Income was up 9% to $17.6 billion, and non-GAAP Operating Margin was 44%.
GAAP Net Income was $3.8 billion, and non-GAAP Net Income was $13.2 billion.
FY18 GAAP Earnings Per Share was $0.90, while Non-GAAP Earnings Per Share was $3.12.
“Last year, I forecast double-digit non-GAAP earnings per share growth for FY18 and we delivered 14% growth this year, largely driven by strong growth in our cloud businesses,” says Oracle CEO Safra Catz.
“Looking ahead to FY19, I expect revenue growth will enable us to deliver double-digit non-GAAP earnings per share growth once again.”
“We had a great fourth quarter with total revenues more than $200 million above our constant currency forecast,” adds Oracle CEO Mark Hurd.
“Our strategic Fusion ERP and HCM SaaS cloud applications suite revenues grew over 50% in the fourth quarter, and we expect continued strong growth from our Fusion SaaS suites throughout FY19.”
“Some of our largest customers have now begun the process of moving their on-premise Oracle databases to the Oracle Cloud,” says Oracle Chairman and CTO Larry Ellison.
“For example, AT&T is moving thousands of databases and tens of thousands of terabytes of data into the Oracle Cloud. We think that these large-scale migrations of Oracle database to the cloud will drive our PaaS and IaaS businesses throughout FY19.”