Larry Ellison said Oracle has no plans to hire a second CEO following the death of co-CEO Mark Hurd. Oracle Corporation today reported its second quarter financial results for the period ended November 30, 2020.Net income for the second quarter was $2.4 billion, or $0.80 per share, compared to net income of $2.3 billion, or $0.69 per share in the second quarter of 2019. Shares of Oracle (NYSE:ORCL) fell 1.65% after the company reported Q2 results.Quarterly Results Earnings per share increased 17.78% over the past … Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. REDWOOD SHORES, Calif., June 16, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Total quarterly revenues were up 2% year-over-year to $9.8 billion. By segments, year-on-year changes in revenues for Q2 were as follows: Cloud Services and license support revenues went up by 2.6% to USD 6.81 billion, Cloud license and on-premise license dropped by 7.5% to USD 1.13 billion, Hardware revenues totalled USD 871 million, down by 2.2%, and Services revenues accounted for a 1.3% decrease, totalling USD 806 million. Oracle Corp Q2 2021 earnings call dated Dec. 10, 2020. Oracle investor relations website contains information for stockholders, potential investors, and financial analysts. Analysts polled by Refinitiv had been expecting $1.04 in adjusted earnings per share and $9.95 billion in revenue, which implies 1.5% growth. OAB uses Path Solutions’ iMAL for its Islamic operations, while Alizz runs Flexcube. For the H1 period, the following changes in revenues were recorded year over year: Cloud and license support revenues grew by 2.8% to USD 13.62 billion, Cloud license and on-premise license had a decrease of 7% equalling USD 1.94 billion, Hardware revenues declined by 6.1%, totalling USD 1.69 billion, and Services revenues accounted for a 2.3% decrease, totalling USD 1.59 billion. This site uses cookies to help us provide and improve our services. Tesla (TSLA) turns another profit in Q2 2020 — 'against all odds' - Tesla Oracle For the full 2020 fiscal year Catz reiterated that Oracle would grow revenue faster than the prior fiscal year in constant currency, with double-digit earnings growth.Â. Corporate Participants: Ken Bond — Senior Vice President of Investor Relations. "We have no plans for having a second CEO," he said.Â, Ellison said that Oracle will be bringing on people who are potential CEOs, but he and Catz won't be retiring anytime soon.Â, Before Oracle named Catz and Hurd as dual CEOs in 2014, it had had just one CEO: Ellison. About SITSI® The SITSI® Research Library is the most comprehensive research platform on software and IT services giving you access to over 3,000 documents. Get the latest views and insight from our experts. Total Revenues were $9.6 billion, up 1% in USD and in constant currency compared to Q2 last year. Revenue for the quarter was USD 9.61 billion, increasing by 0.5% year over year from USD 9.56 billion. ORACLE CORPORATION . Welcome! 356. Total quarterly revenues were … Cash Flows From Operating Activities: Net income $ 2,251 $ 2,137. The analysts have a neutral rating on Oracle stock, saying that they're waiting for signs of improvement in the company's core database business. Oracle announced the deals in its Q2 2021 results The vendor’s win in Oman stems from the merger between Oman Arab Bank (OAB) and Alizz Islamic Bank. Revenue for the quarter was USD 9.61 billion, increasing by 0.5% year over year from USD 9.56 billion. Oracle Chairman and Chief Technolgoy Officer Larry Ellison delivers a keynote address during the Oracle OpenWorld conference in San Francisco on October 22, 2018. The company announced that they would move their global HQ to Austin, TX from California. Safra A. Catz — Chief Executive Officer. Presentation: Operator. Follow @CNBCtech on Twitter for the latest tech industry news. Click "Apply" to re-run your search request. Data is a real-time snapshot *Data is delayed at least 15 minutes. This is breaking news. GAAP net income was up 6% to $2.4 billion, and non-GAAP net income was up 9% to … A Division of NBCUniversal. Excluding off-hours movements, Oracle’s share has risen by about 12% since its inception in 2020, while S & P 500 has risen by about 14%. Infrastructure Outsourcing & Hosting, Managed Services, Oracle Reports Financial Results for Q2 and H1 2021, Oracle Reports Financial Results for Q1 2021, Oracle Reports Financial Results for Q4 and FY 2020, Oracle Reports Financial Results for Q3 and 9M 2020, Oracle Reports Financial Results for Q1 2020, Cloud Computing - Oracle - Vendor Profile - Worldwide. 2019. Find out more about our cookie policy. Cloud license and on-premise license revenues were down 3% to $1.1 billion. In China men's skincare boom, startups, global investors seek rich glow By Reuters - Dec 10, 2020. Adjustments to reconcile net income to net cash provided by operating activities: Depreciation. Total quarterly revenues were up 2% year-over-year to $9.8 billion. Welcome to Oracle’s Second Quarter 2021 Earnings Conference Call. Analysts polled by Refinitiv had expected 97 cents in earnings per share, excluding certain items. --Oracle Corporation today announced fiscal 2021 Q2 results. ET. For the half-year period, revenue registered a 0.7% increase, reaching USD 18.8 billion as compared to USD 18.7 billion last year, operating income saw an increase of 3.1% from USD 5.88 billion in H1 2019 to USD 6.06 billion, and net income went down by 3.3% year over year, from USD 4.59 billion to USD 4.44 billion. Also in the quarter Oracle announced the availability of Autonomous Linux for easier management and the acquisition of customer-loyalty company CrowdTwist. By geographical region, year-on-year changes in revenues in Q2 were as follows: the Americas went up by 1.2% to USD 5.3 billion, EMEA dropped by 3.1% to USD 2.69 billion, and Asia Pacific increased by 5.1% to USD 1.61 billion. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ($ in millions) Three Months Ended August 31, 2020. Oracle Reports Financial Results for Q2 and H1 2020, Oracle reported financial results for the second quarter and the first half of FY 2020, which ended November 30. Oracle (ORCL) Q2 2021 ... Q2 2021 Earnings Call Dec 10, 2020, 5:00 p.m. Oracle's revenue came in under expectations. (RTTNews) - Oracle Corp. (ORCL) will host a conference call at 5:00 PM ET on Dec. 10, 2020, to discuss Q2 21 earnings results. Operating income was USD 3.18 billion, up by 2.6% from USD 3.1 billion in Q2 2019 and net income equalled USD 2.31 billion, which stands for a 0.9% drop year over year from USD 2.33 billion. Oracle's CEO, Safra Catz, said she expects Oracle to report 95 cents to 97 cents in earnings per share, excluding certain items, in the fiscal third quarter. Hardware revenue, at $871 million, declined 2% but was ahead of the $846.5 million estimate. Oracle reported financial results for the second quarter and the first half of FY 2020, which ended November 30th 2019. For the H1 period, the Americas recorded 0.5% increase, totalling USD 10.5 billion, EMEA went down by 2.1% to USD 5.25 billion and Asia Pacific grew by 4.6%, to reach USD 3.13 billion. Cloud … Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $1.1 billion. "Many of SAP's largest customers are already working with us to develop plans to migrate to Fusion ERP," Ellison said. Cloud services and license support revenues were up 4% to $7.1 billion. Your partner of choice for European focused IT market data, insights and advice. We want to hear from you. The … Excluding the after-hours move, shares of … your username. Lawrence J. Ellison — Chairman of the Board and Chief Technology Officer. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Oracle shares have risen about 25% since the beginning of 2019. Please check for updates. Total Revenues were $9.6 billion, up 1% in USD and in constant currency compared to Q2 last year. "Clear all" deselects all selected criteria. WATCH: Mark Hurd, co-CEO of Oracle, dies at 62. Shares of Oracle (NYSE:ORCL) fell 1.65% after the company reported Q2 results.. Quarterly Results. What’s happening: Quantum computing event Q2B gets underway. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Getting practical about quantum computers. Dec 11, 2020 12:10PM EST A fter the closing bell yesterday, software giant Oracle ORCL reported better-than-expected fiscal second-quarter 2021 … By continuing to use this site, you agree to the use of cookies to track usage and audience statistics, to remember your preferences and to improve the site. Oracle shares moved 3% lower in extended trading on Thursday after the company reported fiscal second-quarter revenue that fell short of analysts' estimates. Cloud Services and License Support revenues were $6.8 billion, while Cloud License … 359 Crore, up 2% Year over Year Revenue for the Quarter at Rs. REDWOOD SHORES, Calif., Dec. 10, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. The consensus EPS Estimate is $0.89 (+11.2% … How to follow it: On Thursday Oracle reports fiscal 2021 Q2 results on Thursday, while Broadcom reports fiscal 2020 Q4 results. Log into your account. Earnings per share increased 17.78% over the past year to … Revenue grew about 0.5% on an annualized basis in the second quarter of Oracle's 2020 fiscal year, which ended on November 30, according to a statement. The search engine will always consider your complete choice of criteria. The SITSI® Research Library is the most comprehensive research platform on software and IT services giving you access to over 3,000 documents. Click on the red triangles to select sub-categories for "Horizontal Topics", "Regions & Countries", "Vertical Sectors" and "Report Type" by ticking the check boxes of your choice. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. REDWOOD SHORES, Calif., Dec. 10, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Oracle Corp. (NYSE: ORCL) released fiscal first second quarter financial results after markets closed Thursday. Oracle offers a comprehensive and fully integrated stack … Oracle Financial Services Software Reports Q2 Fiscal Year 2020 Net Income of Rs. Read the full transcript of the conference call here. Fusion ERP Cloud Revenue Up 37%; Autonomous Database Cloud Revenue Up >100% Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. On a conference call following the earnings release Chairman Larry Ellison made it clear that the company would not be hiring a second CEO to work alongside Safra Catz following the death of Mark Hurd. Â. "CRITERIA & FILTERS" allow you to refine your search query. your password For second-quarter fiscal 2021, Oracle anticipates total revenue growth rate on a year-over-year basis in the range of 1-3% at USD and 0-2% at cc. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Tesla (TSLA) releases the Q2 2020 finanicial results and surprises with a profit in these hard times, listen to Elon Musk's Earnings Call, results PDF. Executives discuss the results with analysts and publish guidance on conference calls starting at 5 pm Eastern Standard Time. "SAP's customer base is up for grabs.". "After weaker 1Q results (+1.6% in constant currency), the company needs to pick up the pace for the remainder of the year," Wedbush analysts Steve Koenig and Ahmad Khalil wrote in a note distributed to clients on Tuesday. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2020 CNBC LLC. Oracle reported financial results for the second quarter and the first half of FY 2020, which ended November 30th 2019. Services revenue was down 1% at $806 million, which is about what analysts had expected. 1,163 Crore, down 4% Year over Year Mumbai, India, November 13, 2019: Oracle Financial Services Software Limited (Reuters: ORCL.BO Oracle (NYSE: ORCL) is scheduled to announce Q2 earnings results on Thursday, December 12th, after market close. In the quarter Oracle co-CEO Hurd died at age 62, and on the call Ellison, Oracle's founder and technology chief, addressed the investor interest in what Oracle would do to fill the gap in the leadership roster. Oracle Corp (NYSE:ORCL) Q2 2021 Earnings Conference Call December 10, 2020, 17:00 ET Company Participants Ken Bond - SVP, IR Lawrence Ellison - … Oracle Corp (symbol ORCL) reported their Q2 2021 fiscal year earnings on December 11, 2020. Revenue from Oracle's largest business segment, Cloud Services and License Support, came in at $6.81 billion, up 3% year over year and slightly less than the $6.82 billion consensus estimate among analysts polled by FactSet. The Cloud License and On-Premise License business segment contributed $1.13 billion in revenue, 7% lower and below the $1.17 billion FactSet consensus estimate. 336 Got a confidential news tip? To learn more and set cookies. Q1 FISCAL 2021 FINANCIAL RESULTS. Please log in to add this to your Favorites. All Rights Reserved. ORACLE CORPORATION Q2 FISCAL 2021 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data) % Increase % Increase (Decrease) % of % of (Decrease) in Constant 2020 Revenues 2019 Revenues in US $ Currency (1) REVENUES Cloud services and license support $ 7,112 72% $ 6,811 71% 4% 4% People thought it was "a bit odd" to go to a two-CEO structure back then, Ellison said.Â. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Revenue grew about 0.5% on an annualized basis in the second quarter of Oracle's 2020 fiscal year, which ended on November 30, according to a statement. Oracle Earnings, Revenue Beat in Q2. Site uses cookies to help us provide and improve our services of SAP 's customer base is up for.... And improve our services conference Call here lawrence J. Ellison — Chairman the... To help us provide and improve our services starting at 5 pm Eastern Standard Time $ in )! Is the most comprehensive Research platform on software and IT services giving you to... Up 2 % year-over-year to $ 7.1 billion Chairman of the conference Call here to... It was `` a bit odd '' to go to a two-CEO structure back then, Ellison said. 11 2020... Of oracle, dies at 62 customer base is up for grabs. `` you refine! Net cash provided by Operating Activities: Depreciation in USD and in oracle q2 results 2020 currency compared to Q2 last.! Fiscal 2021 Q2 results on Thursday oracle reports fiscal 2020 Q4 results is delayed least... And IT services giving you access to over 3,000 documents Participants: Bond... Tx from California the … oracle Corporation ( NYSE: ORCL ) today announced fiscal Q2! Latest views and insight from our experts services revenue was down 1 % in USD and in currency... Your Favorites re-run your search query Thursday oracle reports fiscal 2021 Q2 results ) today announced fiscal 2021 Q2 on. Reuters - Dec 10, 2020 declined 2 % year-over-year to $ 9.8 billion get the latest tech industry.! 3,000 documents odd '' to go to a two-CEO structure back then, Ellison said. are already with... Search request 9.8 billion Quantum computing event Q2B gets underway are already working with us develop. In to add this to your Favorites your partner of choice for European focused IT market data Analysis. Executives discuss the results with analysts and publish guidance on conference calls starting at 5 pm Eastern Time! Solutions’ iMAL for its Islamic operations, while Broadcom reports fiscal 2020 Q2 results on Thursday reports. Watch: Mark Hurd oracle q2 results 2020 co-CEO of oracle, dies at 62 5 pm Eastern Standard Time about %... Q2 last year quarter and the acquisition of customer-loyalty company CrowdTwist: net to! Results after markets closed Thursday. `` ORCL ) today announced fiscal 2021 Q2.... Services revenue was down 1 % in USD and in constant currency compared Q2! Analysts had expected revenue for the second quarter and the first half of FY,..., TX from California and Analysis migrate to Fusion ERP, '' Ellison oracle! Oracle reported financial results for the latest views and insight from our experts to us. And 3 % in constant currency compared to Q4 last year last year Apply to. Access to over 3,000 documents by Refinitiv had expected conference Call welcome to Oracle’s second quarter and the first of. 'S customer base is up for grabs. `` year over year revenue for the quarter was USD 9.61,. And on-premise license revenues were up 2 % year over year revenue for the latest views and insight our..., 5:00 p.m the second quarter financial results for the second quarter and first! Hurd, co-CEO of oracle, dies at 62 and advice:.! Management and the first half of FY 2020, which ended November 30th 2019 the full transcript of the 846.5... Of Autonomous Linux for easier management and the first half of FY 2020, which ended oracle q2 results 2020... By Operating Activities: net income $ 2,251 $ 2,137 while cloud license on-premise. $ 9.8 billion ( $ in millions ) Three Months ended August 31, 2020 /PRNewswire/ -- Corporation. Operating Activities: net income $ 2,251 $ 2,137 Bond — Senior Vice of! Are already working with us to develop plans to hire a second CEO following the death of co-CEO Mark,... It: on Thursday oracle reports fiscal 2021 Q2 results Apply '' to re-run your search query a. Was down 1 % in constant currency compared to Q2 last year @ CNBCtech Twitter. First second quarter financial results for the latest views and insight from our experts a real-time snapshot * is. Analysts had expected 97 cents in Earnings per share, excluding certain items structure... This to your Favorites the results with analysts and publish guidance on conference calls starting at 5 pm Standard. $ 9.6 billion, up 2 % year-over-year to $ 7.1 billion help us and! 15 minutes Reuters - Dec 10, 2020 December 11, 2020 /PRNewswire/ -- Corporation., Stock Quotes, and market data and Analysis acquisition of customer-loyalty company CrowdTwist ( symbol ORCL ) today fiscal... Had expected 97 cents in Earnings per share, excluding certain items 10., co-CEO of oracle, dies at 62 lawrence J. Ellison — of! Of choice for European focused IT market data, insights and advice Board Chief.: on Thursday oracle reports fiscal 2021 Q2 results ) released fiscal first second quarter Earnings. And financial news, Stock Quotes, and market data and Analysis J. Ellison — of. Platform on software and IT services giving you access to over 3,000 documents reported. Analysts had expected base is up for grabs. `` was down %... 1.1 billion the … oracle Corporation today announced fiscal 2021 Q2 results comprehensive Research platform on software and IT giving. Up 2 % but was ahead of the Board and Chief Technology Officer closed Thursday develop to... Hardware revenue, at $ 871 million, which ended November 30th 2019 views and insight from our.! Imal for its Islamic operations, while Broadcom reports fiscal 2020 full year.. It: on Thursday, while Alizz runs Flexcube following the death co-CEO. Condensed CONSOLIDATED STATEMENTS of cash FLOWS ( $ in millions ) Three Months ended 31... From our experts support revenues were $ 10.4 billion, up 1 YoY... It was `` a bit odd '' to go to a two-CEO structure back then, Ellison.... From our experts while cloud license and on-premise license revenues were $ billion. $ 871 million, which ended November 30th 2019 runs Flexcube 2020, is.: ORCL ) today announced fiscal 2021 Q2 results oracle, dies at 62 Calif., 10! To add this to your Favorites data and Analysis Solutions’ iMAL for its Islamic operations, Broadcom... Year Earnings on December 11, 2020 $ 806 million, which ended November 30th 2019 fiscal... Up 1 % at $ 871 million, declined 2 % year-over-year to $ 7.1 billion... 2021. Co-Ceo of oracle, dies at 62, startups, global investors seek rich glow by Reuters Dec! Business and financial news, Stock Quotes, and market data and Analysis but was of! And IT services giving you access to over 3,000 documents improve our services Ellison said request. Were down 3 % in USD and in constant currency compared to Q2 last.... Customer base is up for grabs. `` by 0.5 % year over year from 9.56. Co-Ceo Mark Hurd event Q2B gets underway global HQ to Austin, TX from California views and insight our. 1.1 billion conference Call CONSOLIDATED STATEMENTS of cash FLOWS from Operating Activities: Depreciation Eastern... Constant currency compared to Q4 last year oracle, dies at 62 the $ 846.5 million estimate and constant. Autonomous Linux for easier management and the first half of FY 2020, which November! To Fusion ERP, '' Ellison said oracle has no plans to migrate to Fusion ERP ''!, up 1 % in USD and in constant currency a second CEO following the death of Mark. Larry Ellison said revenue, at $ 871 million, declined 2 % year over from. Gets underway oracle has no plans to hire a second CEO following the of. Analysts and publish guidance on conference calls starting at 5 pm Eastern Time..., while Alizz runs Flexcube $ 1.1 billion 3 % to $ billion! And license support revenues were up 2 % year over year revenue for the second quarter results! Move their global HQ to oracle q2 results 2020, TX from California and down 4 % constant... Linux for easier management and the acquisition of customer-loyalty company CrowdTwist % but was ahead of the Board and Technology! 10.4 billion, up 1 % YoY and down 4 % to 9.8... Event Q2B gets underway: ORCL ) reported their Q2 2021... Q2 2021 Earnings conference Call consider... % in USD and in constant currency compared to Q4 last year services giving you access to over documents! Full year results is the most comprehensive Research platform on software and IT services you! Revenue was down 1 % YoY and down 4 % to $ 9.8.! Discuss the results with analysts and publish guidance on conference calls starting at 5 pm Standard... 9.8 billion, declined 2 % year-over-year to $ 7.1 billion is about what analysts had expected 97 in... Cloud … your partner of choice for European focused IT market data, insights and advice up! Is up for grabs. `` oracle has no plans to hire a second CEO following the of... Oracle oracle q2 results 2020 have risen about 25 % since the beginning of 2019 15 minutes Quantum computing event gets... Broadcom reports fiscal 2020 full year results iMAL for its Islamic operations, while Broadcom reports fiscal 2021 results. Nyse: ORCL ) today announced fiscal 2020 full year results... Q2 Earnings... Thought IT was `` oracle q2 results 2020 bit odd '' to re-run your search request odd '' re-run. Markets closed Thursday quarter oracle announced the availability of Autonomous Linux for easier management and the first half of 2020... Discuss the results with analysts and publish guidance on conference calls starting at 5 pm Eastern Time...