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Oracle (ORCL.US) fiscal third fiscal quarter financial report: net profit of 2.745 billion US dollars

March 15, 2019 08:29
source: Zhitong Finance

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After the US stock market on Thursday,Oracle(ORCL.US) released its third fiscal quarter earnings report for the 2019 fiscal year. The report shows that Oracle's third-quarter total revenue was $9.614 billion, down 1% from the previous year's $9.676 billion, excluding the impact of exchange rate changes, up 3% year-on-year;Net profitIt was $2.745 billion, compared to a net loss of $4.047 billion in the same period last year.

The third quarter is mainlyPerformance:

In the quarter ended Feb. 28, Oracle's net profit was $2.745 billion, compared to a net loss of $4.047 billion in the same period last year; diluted earnings per share were 76 cents, compared to the same period last year. The diluted loss per share was 98 cents.

In the third fiscal quarter of FY 2019, excluding one-time items (not in accordance with US GAAP), Oracle's net profit was $3,156 million, a decrease of 8% compared to $3.414 billion in the same period last year, excluding exchange rate changes. The impact was 4% year-on-year; diluted earnings per share were 87 cents, an increase of 8% compared with 81 cents in the same period last year, excluding the impact of exchange rate changes, up 12% year-on-year, exceeding Wall StreetAnalystPreviously expected. Financial information provider FactSet survey showed that analysts on average expected Oracle's third quarter earnings per share was 84 cents.

Oracle's third-quarter total revenue was $9.614 billion, down 1% from the $9.676 billion in the same period last year, and the impact of exchange rate changes was 3% year-on-year. Excluding one-time items (not in accordance with US GAAP), Oracle's third-quarter total revenue was $9.618 billion, down 1% from $9.681 billion in the same period last year, excluding the impact of exchange rate changes. Growth of 3%, exceeding analysts' previous expectations. According to the FactSet survey, analysts on average expected Oracle's third-quarter revenue to be $9.58 billion.

Oracle's third-quarter operating profit was $3.399 billion, up 3% from $3.315 billion in the same period last year, excluding the impact of exchange rate changes, up 7% year-on-year; operating margin was 35%, up from 34 in the same period last year. %. Not in accordance with US GAAP, Oracle's third-quarter operating profit was $4.276 billion, up 2% from the previous year's $4.194 billion, excluding the impact of exchange rate changes, up 5% year-on-year; operating margin was 44% , higher than 43% in the same period last year.

Operating expenses:

Oracle’s total operating expenses for the third quarter were $6.215 billion, down 2% from $6.361 billion in the same period last year, and the impact of changes in exchange rates was unchanged from the same period last year. among them:

Cloud services and licensing support expenses were $937 million, an increase of 5% compared to $894 million in the same period last year, and the impact of exchange rate changes was 7% year-on-year;

Hardware expenditure was $339 million, a 14% decrease from the $393 million in the same period last year, and the impact of exchange rate fluctuations was down 10% year-on-year;

Service expenditure was US$70 million, a decrease of 1% compared with US$709 million in the same period last year, and the impact of exchange rate fluctuations was 3% year-on-year;

Sales and marketing expenses were US$2.051 billion, which was basically the same as US$2.042 billion in the same period last year. The impact of exchange rate fluctuations was 4% year-on-year;

R&D expenditure was US$ 1.426 billion, down 5% from US$ 1.496 billion in the same period last year, and the impact of exchange rate fluctuations was 3% year-on-year;

General and administrative expenses were US$316 million, a decrease of 7% compared with US$339 million in the same period last year, and the impact of exchange rate fluctuations was down 4% year-on-year;

Expenditure on intangible assets was US$407 million, an increase of 3% compared with US$394 million in the same period last year. The impact of exchange rate fluctuations was 3% year-on-year;

  MergerRelated expenses and other expenses were -4 million US dollars, a decrease of 208% compared with 3 million US dollars in the same period of last year. The impact of exchange rate fluctuations was 217% lower than the same period of last year;

  ReorganizationExpenditure was $43 million, a 53% decrease from the $91 million in the same period last year, and the impact of exchange rate fluctuations was down 51% year-on-year.

Performance of each department:

Oracle’s third-quarter cloud service and licensing support business revenue was $6.662 billion, up 1% from $6.587 billion in the same period last year, excluding the impact of exchange rate changes, up 4% year-on-year; The proportion was 69%, higher than 68% in the same period last year.

Oracle's third-quarter cloud licensing and on-site licensing business revenues were $1.251 billion, down 4% from $1,299 million in the same period last year, and the impact of exchange rate fluctuations was flat year-on-year; It is 13%, down from 14% in the same period last year.

Oracle's third-quarter hardware business revenue was $915 million, down 8% from $994 million in the same period last year, excluding the impact of exchange rate changes, down 4% year-on-year; 10% of total revenue %, compared with 10% in the same period last year.

Oracle's third-quarter service business revenue was $786 million, down 1% from the $796 million in the same period last year, excluding the impact of exchange rate changes, up 3% year-on-year; the proportion of total revenue was 8 %, compared with 8% in the same period last year.

As of the end of the third quarter, Oracle's short-term deferred revenue was $8 billion, an increase of 1% over the same period last year. In the past 12 months, Oracle's operating cash flow was $14.8 billion.

Other financial information:

Oracle announced today that its board of directors plans to offer common stock at a price of 24 cents per share.shareholderThe quarterly cash dividend will be paid on April 25, 2019 to the registered shareholders as of the close of April 11, 2019. This means that Oracle will raise its quarterly dividend by 26% compared to the current quarterly dividend of 19 cents per share.

  ExecutiveComments:

Oracle CEO Safra Kaz (Safra

Catz) said: "We are not satisfied with the performance of the US GAAP in the third quarter. Excluding the impact of exchange rate changes, revenue increased by 3% year-on-year, operating profit increased by 5%, and earnings per share increased by 12%. We The overall operating profit margin rose to 44%, as the size of the low-margin hardware business continued to shrink, while the size of the high-margin cloud business continued to expand. So far this year, the impact of exchange rate changes is not included, not according to US GAAP earnings per share growth rate is 16%, which means that this year's earnings per share growth rate will once again reach double digits."

(Article source: Zhitong Finance)

                (Editor: DF381)

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