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Oracle Has A Good Quarter; Repurchasing $10B Of Stocks

[Techtaffy Newsdesk]

Oracle has a stellar quarter, beating street expectations. The company said it is repurchasing up to an additional $10 billion of common stock under its existing share repurchase program in future quarters.

Oracle’s fiscal 2012 Q4 total revenues were up 1% to $10.9 billion. New software license revenues were up 7% to $4.0 billion. Software license updates and product support revenues were up 5% to $4.2 billion. Hardware systems products revenues were down 16% to $977 million. Operating income was up 5% to $4.6 billion, and operating margin was 42%.  Earnings per share were 69 cents, up 11% compared to last year. Operating cash flow for fiscal year 2012 was $13.7 billion, up 23% compared to last year.

For fiscal year 2012,  total revenues were up 4% to $37.1 billion. New software license revenues were up 7% to $9.9 billion. Software license updates and product support revenues were up 10% to $16.2 billion. Hardware systems products revenues were $3.8 billion. Operating income was up 14% to $13.7 billion, and  operating margin was 37%. Net income was up 17% to $10.0 billion. Earnings per share were $1.96, up 18% compared to last year.

Larry Ellison (Chief Executive Officer, Oracle): The development of Oracle Cloud is strategic to increasing the size and profitability of Oracle’s software business. Our Oracle Cloud SaaS business is nearly at a billion dollar revenue run rate, the same size as our engineered systems hardware business. The combination of engineered systems and the Oracle Cloud will drive Oracle’s growth in FY 2013.

Oracle’s fourth quarter featured several all-time highs for Oracle: new software license sales of $4 billion, total software revenue of $8 billion, total revenue of $11 billion, and EPS of 82 cents. For the fiscal year, the company also set all-time highs for operating margins of 46%, and operating cash flow of $13.7 billion. Oracle’s engineered systems business is now operating at well over a billion dollar revenue run rate. For the year, the Exadata, Exalogic, Exalytics, SPARC SuperCluster and the Oracle Big Data Appliance product group grew over 100% year-over-year.

Oracle has declared a quarterly cash dividend of 6 cents per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on July 13, 2012, with a payment date of August 3, 2012.

[Image Courtesy: Oracle]

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