Oracle (ORCL) Tops Q4 EPS by 9c

June 19, 2019 4:03 PM EDT

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Oracle (NYSE: ORCL) reported Q4 EPS of $1.16, $0.09 better than the analyst estimate of $1.07. Revenue for the quarter came in at $11.1 billion versus the consensus estimate of $10.95 billion.

"In Q4, our non-GAAP operating income grew 7% 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%, the highest we've seen in five years."

"Our Fusion ERP and HCM cloud applications suite revenues grew 32% in FY19," said Oracle CEO, Mark Hurd. "Our NetSuite ERP cloud applications revenues also grew 32% 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."

For earnings history and earnings-related data on Oracle (ORCL) click here.

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