Oracle Corporation Q4 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Quarterly Performance (Q4 FY2021)

  • Total revenue was $11.2 billion, up 8% year-over-year in USD (up 4% in constant currency), outperforming guidance by nearly $200 million.
  • Cloud services and license support revenue reached $7.4 billion, growing 8% in USD (4% in constant currency). This compares favorably to prior quarter trends and reflects broad-based product strength.
  • Application subscription revenue totaled $3 billion, up 11% in USD (7% in constant currency), driven by:
    • Fusion ERP up 42% in constant currency.
    • NetSuite ERP up 22%.
    • Fusion HCM up 30%.
  • Infrastructure subscription revenue was $4.3 billion, growing 6% in USD (2% in constant currency). OCI consumption revenue grew 103% in constant currency, highlighting accelerating demand.
  • License revenue was $2.1 billion, up 9% in USD (5% in constant currency), showing strengthened customer adoption.
  • Non-GAAP operating income reached $5.4 billion, up 6% in USD, with a strong operating margin of 49%.
  • Non-GAAP EPS was $1.54, up 29% in USD (22% in constant currency). GAAP EPS was $1.37, up 39% in USD.
  • Operating cash flow for Q4 was $4.8 billion, up 34%, and free cash flow reached $4.1 billion, up 30% year-over-year.

Full-Year Performance (FY2021)

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Operator: Welcome to Oracle’s Fourth Quarter 2021 Earnings Conference Call. Now, I’d like to turn today’s call over to Ken Bond, Senior Vice President. Ken Bond: Thank you, Erica. Good afternoon, everyone, and welcome to Oracle’s fourth quarter and fiscal year 2021 earnings conference call. A copy of the press release and financial tables, which includes a GAAP to non-GAAP reconciliation and other supplemental financial information, can be viewed and downloaded from our Investor Relations website. Additionally, a list of many customers who purchased Oracle Cloud Services or went live on Oracle Cloud recently will be available from our Investor Relations website as well. On the call today are Chairman and Chief Technology Officer, Larry Ellison; and CEO, Safra Catz. As a reminder, today’s discussion will include forward-looking statements including predictions, expectations, estimates or other information that might be considered forward-looking. Throughout today’s discussion, we will present some important factors relating to our business which may potentially affect these forward-looking statements. These forward-looking statements are also subject to risks and uncertainties that may cause actual results to differ materially from the statements being made today. As a result, we caution you from placing undue reliance on these you from placing undue reliance on these forward-looking statements and encouraging you to review our most recent reports including our 10-K and 10-Q a

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