Oracle Corporation Q4 FY2023 Earnings Call

· Earnings call transcript and AI-powered summary

Oracle Q4 & FY2023 Earnings Summary

Quarterly Highlights (Q4 FY2023)

  • Total cloud revenue (SaaS + IaaS) was 4.4 billion dollars, up 55 percent year over year. Excluding Cerner, cloud revenue grew more than 33 percent to 3.8 billion dollars.
  • IaaS revenue grew 77 percent to 1.4 billion dollars. Excluding legacy hosting, IaaS grew 89 percent with OCI consumption revenue up 112 percent year over year.
  • SaaS revenue reached 3 billion dollars, up 47 percent. Excluding Cerner, SaaS cloud revenue grew 17 percent.
  • Fusion ERP revenue grew 28 percent and NetSuite ERP grew 24 percent. Strategic back-office SaaS reached 6.6 billion dollars annualized, up 24 percent.
  • Total company revenue was 13.8 billion dollars, up 18 percent including Cerner’s 1.5 billion dollar contribution.
  • Cloud services and license support grew 25 percent to 9.4 billion dollars.
  • Software license revenue declined 14 percent after strong 25 percent growth last year in Q4.
  • Non-GAAP operating income was 6.2 billion dollars, up 12 percent, with a 44 percent margin (impacted by Cerner integration).
  • Non-GAAP EPS rose 8 percent in USD to 1.47 dollars.
  • IaaS margins improved substantially year over year as cloud regions filled up.

Full Fiscal Year 2023 Highlights

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Operator: Good day everyone and welcome to the Oracle Fourth Quarter and Fiscal Year 2023 Earnings Call. Today’s call is being recorded. I would now like to turn the conference over to Ken Bond. Please go ahead. Ken Bond: Thank you, Lisa. Good afternoon, everyone, and welcome to Oracle's fourth quarter and fiscal year 2023 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. On the call today are Chairman and Chief Technology Officer, Larry Ellison; and Chief Executive Officer, Safra Catz. As a reminder, today's discussion will include forward-looking statements, including predictions, expectations, estimates or other information that might be cause actual results to differ from what we are talking about today. 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 statements being made today. As a result, we caution you against placing undue reliance on these forward-looking statements, and we encou

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