September 18, 2014
Record Quarterly Operating Cash Flow Up 7% to $6.7 Billion
REDWOOD SHORES, CA --
09/18/14 --
Oracle Corporation (NYSE: ORCL) today announced that fiscal 2015 Q1 total revenues were up 3% to
$8.6 billion. Total Software plus Cloud revenue was up 6% to
$6.6 billion. Software-as-a-service (SaaS) and Platform-as-a-service (PaaS) cloud revenue was up 32% to
$337 million. Infrastructure-as-a-service (IaaS) cloud revenue was up 26% to
$138 million. Hardware systems revenue was down 8% to
$1.2 billion. GAAP operating income was up 3% to
$3.0 billion, and the GAAP operating margin was 34%. Non-GAAP operating income was up 2% to
$3.8 billion, and the non-GAAP operating margin was 44%. GAAP net income was unchanged at
$2.2 billion while non-GAAP net income was up 2% at
$2.8 billion. GAAP earnings per share were
$0.48, up 2% compared to last year while non-GAAP earnings per share were
$0.62, up 4%. GAAP operating cash flow on a trailing twelve-month basis was
$15.4 billion.
"We are increasing our cloud services growth rate while simultaneously delivering record levels of cash flow," said
Oracle CEO, Safra Catz. "In Q1, our overall cloud services business grew more than 30% to
$475 million in revenue. At the same time, we delivered an all-time record operating cash flow up 7% to
$6.7 billion. We are laser focused on two goals: growing our cloud business and growing our cash flow. We're off to a good start in FY15."
"Our internally developed Fusion cloud applications business grew at a rate of nearly 200% in the quarter," said
Oracle CEO, Mark Hurd. "As our hyper-growth Fusion applications become a larger and larger portion of our total SaaS sales, that will drive up our overall cloud services growth rate. Our cloud business is already three times the size of Workday, but we won't be satisfied until we're number one in the cloud."
"Next week at Oracle Open World, we will be rolling out our database cloud service," said
Oracle Executive Chairman and Chief Technology Officer,Larry Ellison. "Database is our largest software business, and database will be our largest cloud service. With our new multitenant Database as a Service offering, our customers and ISV's can move any of their existing
Oracle databases and applications to the Oracle Cloud with the push of a button."
The Board of Directors also declared a quarterly cash dividend of
$0.12 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on
October 8, 2014, with a payment date of
October 29, 2014.
Oracle also announced that its Board of Directors authorized the repurchase of up to an additional
$13.0 billion of common stock under its existing share repurchase program in future quarters.
Q1 Fiscal 2015 Earnings Conference Call and Webcast
Oracle will hold a conference call and webcast today to discuss these results at
2:00 p.m. Pacific. You may listen to the call by dialing (816) 287-5563, Passcode: 425392. To access the live webcast of this event, please visit the Oracle Investor Relations website at
http://www.oracle.com/investor. In addition,
Oracle's Q1 results and Fiscal 2015 financial tables are available on the Oracle Investor Relations website.
A replay of the conference call will also be available by dialing (855) 859-2056 or (404) 537-3406, Passcode: 99926438.
Notes to Editors
"Safe Harbor" Statement:
Statements in this press release relating to
Oracle's future plans, expectations, beliefs, intentions and prospects, including statements regarding our cloud services growth rate, growing our cash flow, our plans to be number one in the cloud, our Database as a Service offering and that database will be our largest cloud service, are "forward-looking statements" and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. We presently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Economic, geopolitical and market conditions, including the continued slow economic recovery in the U.S. and other parts of the world, can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price. (2) We may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, unanticipated fluctuations in currency exchange rates, delays in delivery of new products or releases or a decline in our renewal rates for support contracts. (3) Our cloud computing strategy, including our Oracle Cloud Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service and our new Database as a Service offerings, may not be successful. (4) If we are unable to develop new or sufficiently differentiated products and services, or to enhance and improve our products and support services in a timely manner or to position and/or price our products and services to meet market demand, customers may not buy new software licenses, cloud software subscriptions or hardware systems products or purchase or renew support contracts. (5) Our international sales and operations subject us to additional risks that can adversely affect our operating results, including risks relating to foreign currency gains and losses. (6) If the security measures for our software, hardware, services or Oracle Cloud offerings are compromised or if such offerings contain significant coding, manufacturing or configuration errors, we may experience reputational harm, legal claims and financial exposure. (7) We have an active acquisition program and our acquisitions may not be successful, may involve unanticipated costs or other integration issues or may disrupt our existing operations. A detailed discussion of these factors and other risks that affect our business is contained in our
SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the
SEC or by contacting
Oracle Corporation's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on
Oracle's Investor Relations website at
http://www.oracle.com/investor. All information set forth in this press release is current as of
September 18, 2014.
Oracle undertakes no duty to update any statement in light of new information or future events.
Contact Info
Consolidated figures can be found
here.
Contact
Gijs van Beek
LVTPR
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Email:
oracle@lvtpr.nl
Ria Lagerweij
Head of Corporate Communications Oracle Benelux
Office: +31 30 6699126
Mobile: +31 6 2710 6264
Email:
ria.lagerweij@oracle.com
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