Oracle announced fiscal 2020 Q4 and fiscal 2020 full year results.
Total quarterly revenues were $10.4 billion, down 6% year-over-year and down 4% in constant currency compared to Q4 last year. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Cloud license and on-premise license revenues were $2.0 billion.
Q4 GAAP operating income was up 1% year-over-year to $4.3 billion, and GAAP operating margin was 41%. Non-GAAP operating income was down 2% year-over-year to $5.1 billion, and non-GAAP operating margin was 49%. GAAP net income was $3.1 billion, and non-GAAP net income was $3.8 billion. GAAP earnings per share was $0.99, while non-GAAP earnings per share was up 3% year-over-year to $1.20.
For fiscal 2020, total revenues were $39.1 billion, down 1% year-over-year and flat in constant currency. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Cloud license and on-premise license revenues were $5.1 billion.
Fiscal 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36%. Non-GAAP operating income was $17.4 billion, and non-GAAP operating margin was 44%. GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. GAAP earnings per share increased 4% to $3.08, while non-GAAP earnings per share was up 9% to $3.85.
Commenting on the results,Safra Catz, Oracle CEO, said that in Q4, non-GAAP earnings per share grew 5% in constant currency driven by strong performances in both cloud infrastructure and cloud applications businesses. “Leading the way was our Fusion Cloud ERP Suite that grew 35% in constant currency, and our Fusion Cloud HCM Suite grew 29% in constant currency. Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases. Still, for the third year in a row, we delivered double-digit constant currency earnings per share growth in FY20.”
Larry Ellison, Oracle chairman and CTO, noted that in Q4, Oracle launched a "vastly improved" version of its Exadata Cloud@Customer service which is expected to drive greater adoption of the Oracle Autonomous Database, particularly by Oracle's largest customers. “Exadata Cloud@Customer now enables our existing on-premise database customers to run the Oracle Autonomous Database in their own data center; previously, the Oracle Autonomous Database was only available in Oracle’s Gen2 Public Cloud. Enabling all our on-premise database customers to upgrade and run Oracle’s latest and best database technology in their own data center should dramatically accelerate the rate of adoption of the Oracle Autonomous Database … especially by our largest customers, including banks and governments that are not currently planning to move their largest and most critical systems to a public cloud.”
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