Corporate Participants: Ken Bond â Senior Vice President of Investor Relations. Oracle Corporation today reported its second quarter financial results for the period ended November 30, 2020.Net income for the second quarter was $2.4 billion, or $0.80 per share, compared to net income of $2.3 billion, or $0.69 per share in the second quarter of 2019. Shares of Oracle (NYSE:ORCL) fell 1.65% after the company reported Q2 results.. Quarterly Results. Follow @CNBCtech on Twitter for the latest tech industry news. Cloud Services and License Support revenues were $6.8 billion, while Cloud License ⦠Find out more about our cookie policy. Oracle reported financial results for the second quarter and the first half of FY 2020, which ended November 30th 2019. Oracle shares have risen about 25% since the beginning of 2019. --Oracle Corporation today announced fiscal 2021 Q2 results. your password Lawrence J. Ellison â Chairman of the Board and Chief Technology Officer. Revenue for the quarter was USD 9.61 billion, increasing by 0.5% year over year from USD 9.56 billion. The Cloud License and On-Premise License business segment contributed $1.13 billion in revenue, 7% lower and below the $1.17 billion FactSet consensus estimate. A Division of NBCUniversal. This site uses cookies to help us provide and improve our services. All Rights Reserved. This is breaking news. (RTTNews) - Oracle Corp. (ORCL) will host a conference call at 5:00 PM ET on Dec. 10, 2020, to discuss Q2 21 earnings results. "Many of SAP's largest customers are already working with us to develop plans to migrate to Fusion ERP," Ellison said. Cash Flows From Operating Activities: Net income $ 2,251 $ 2,137. REDWOOD SHORES, Calif., Dec. 10, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. On a conference call following the earnings release Chairman Larry Ellison made it clear that the company would not be hiring a second CEO to work alongside Safra Catz following the death of Mark Hurd. Â. Getting practical about quantum computers. Services revenue was down 1% at $806 million, which is about what analysts had expected. Cloud license and on-premise license revenues were down 3% to $1.1 billion. Your partner of choice for European focused IT market data, insights and advice. Got a confidential news tip? Oracle Chairman and Chief Technolgoy Officer Larry Ellison delivers a keynote address during the Oracle OpenWorld conference in San Francisco on October 22, 2018. Tesla (TSLA) turns another profit in Q2 2020 â 'against all odds' - Tesla Oracle Log into your account. In China men's skincare boom, startups, global investors seek rich glow By Reuters - Dec 10, 2020. REDWOOD SHORES, Calif., June 16, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Oracle Corp (NYSE:ORCL) Q2 2021 Earnings Conference Call December 10, 2020, 17:00 ET Company Participants Ken Bond - SVP, IR Lawrence Ellison - ⦠2019. Oracle announced the deals in its Q2 2021 results The vendorâs win in Oman stems from the merger between Oman Arab Bank (OAB) and Alizz Islamic Bank. REDWOOD SHORES, Calif., Dec. 10, 2020 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. To learn more and set cookies. The analysts have a neutral rating on Oracle stock, saying that they're waiting for signs of improvement in the company's core database business. ORACLE CORPORATION Q2 FISCAL 2021 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data) % Increase % Increase (Decrease) % of % of (Decrease) in Constant 2020 Revenues 2019 Revenues in US $ Currency (1) REVENUES Cloud services and license support $ 7,112 72% $ 6,811 71% 4% 4% Please log in to add this to your Favorites. Total quarterly revenues were up 2% year-over-year to $9.8 billion. 356. The SITSI® Research Library is the most comprehensive research platform on software and IT services giving you access to over 3,000 documents. Also in the quarter Oracle announced the availability of Autonomous Linux for easier management and the acquisition of customer-loyalty company CrowdTwist. In the quarter Oracle co-CEO Hurd died at age 62, and on the call Ellison, Oracle's founder and technology chief, addressed the investor interest in what Oracle would do to fill the gap in the leadership roster. Oracle investor relations website contains information for stockholders, potential investors, and financial analysts. Infrastructure Outsourcing & Hosting, Managed Services, Oracle Reports Financial Results for Q2 and H1 2021, Oracle Reports Financial Results for Q1 2021, Oracle Reports Financial Results for Q4 and FY 2020, Oracle Reports Financial Results for Q3 and 9M 2020, Oracle Reports Financial Results for Q1 2020, Cloud Computing - Oracle - Vendor Profile - Worldwide. 1,163 Crore, down 4% Year over Year Mumbai, India, November 13, 2019: Oracle Financial Services Software Limited (Reuters: ORCL.BO Oracle Reports Financial Results for Q2 and H1 2020, Oracle reported financial results for the second quarter and the first half of FY 2020, which ended November 30. Whatâs happening: Quantum computing event Q2B gets underway. Tesla (TSLA) releases the Q2 2020 finanicial results and surprises with a profit in these hard times, listen to Elon Musk's Earnings Call, results PDF. Safra A. Catz â Chief Executive Officer. Oracle Financial Services Software Reports Q2 Fiscal Year 2020 Net Income of Rs. "Clear all" deselects all selected criteria. Fusion ERP Cloud Revenue Up 37%; Autonomous Database Cloud Revenue Up >100% Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. Total quarterly revenues were ⦠Oracle shares moved 3% lower in extended trading on Thursday after the company reported fiscal second-quarter revenue that fell short of analysts' estimates. OAB uses Path Solutionsâ iMAL for its Islamic operations, while Alizz runs Flexcube. By geographical region, year-on-year changes in revenues in Q2 were as follows: the Americas went up by 1.2% to USD 5.3 billion, EMEA dropped by 3.1% to USD 2.69 billion, and Asia Pacific increased by 5.1% to USD 1.61 billion. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ($ in millions) Three Months Ended August 31, 2020. Revenue for the quarter was USD 9.61 billion, increasing by 0.5% year over year from USD 9.56 billion. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. People thought it was "a bit odd" to go to a two-CEO structure back then, Ellison said.Â. Get the latest views and insight from our experts. Revenue from Oracle's largest business segment, Cloud Services and License Support, came in at $6.81 billion, up 3% year over year and slightly less than the $6.82 billion consensus estimate among analysts polled by FactSet. "SAP's customer base is up for grabs.". Total quarterly revenues were up 2% year-over-year to $9.8 billion. "CRITERIA & FILTERS" allow you to refine your search query. Revenue grew about 0.5% on an annualized basis in the second quarter of Oracle's 2020 fiscal year, which ended on November 30, according to a statement. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2020 CNBC LLC. GAAP net income was up 6% to $2.4 billion, and non-GAAP net income was up 9% to ⦠Oracle Corp Q2 2021 earnings call dated Dec. 10, 2020. Total Revenues were $9.6 billion, up 1% in USD and in constant currency compared to Q2 last year. Welcome! Click "Apply" to re-run your search request. Earnings per share increased 17.78% over the past year to ⦠The company announced that they would move their global HQ to Austin, TX from California. For the half-year period, revenue registered a 0.7% increase, reaching USD 18.8 billion as compared to USD 18.7 billion last year, operating income saw an increase of 3.1% from USD 5.88 billion in H1 2019 to USD 6.06 billion, and net income went down by 3.3% year over year, from USD 4.59 billion to USD 4.44 billion. For the H1 period, the following changes in revenues were recorded year over year: Cloud and license support revenues grew by 2.8% to USD 13.62 billion, Cloud license and on-premise license had a decrease of 7% equalling USD 1.94 billion, Hardware revenues declined by 6.1%, totalling USD 1.69 billion, and Services revenues accounted for a 2.3% decrease, totalling USD 1.59 billion. Oracle's CEO, Safra Catz, said she expects Oracle to report 95 cents to 97 cents in earnings per share, excluding certain items, in the fiscal third quarter. For the full 2020 fiscal year Catz reiterated that Oracle would grow revenue faster than the prior fiscal year in constant currency, with double-digit earnings growth.Â. About SITSI® The SITSI® Research Library is the most comprehensive research platform on software and IT services giving you access to over 3,000 documents. Dec 11, 2020 12:10PM EST A fter the closing bell yesterday, software giant Oracle ORCL reported better-than-expected fiscal second-quarter 2021 ⦠Oracle Corp. (NYSE: ORCL) released fiscal first second quarter financial results after markets closed Thursday. WATCH: Mark Hurd, co-CEO of Oracle, dies at 62. 336 "We have no plans for having a second CEO," he said.Â, Ellison said that Oracle will be bringing on people who are potential CEOs, but he and Catz won't be retiring anytime soon.Â, Before Oracle named Catz and Hurd as dual CEOs in 2014, it had had just one CEO: Ellison. Analysts polled by Refinitiv had been expecting $1.04 in adjusted earnings per share and $9.95 billion in revenue, which implies 1.5% growth. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Read the full transcript of the conference call here. The search engine will always consider your complete choice of criteria. Please check for updates. your username. Oracle reported financial results for the second quarter and the first half of FY 2020, which ended November 30th 2019. Welcome to Oracleâs Second Quarter 2021 Earnings Conference Call. Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $1.1 billion. Executives discuss the results with analysts and publish guidance on conference calls starting at 5 pm Eastern Standard Time. ET. Analysts polled by Refinitiv had expected 97 cents in earnings per share, excluding certain items. Click on the red triangles to select sub-categories for "Horizontal Topics", "Regions & Countries", "Vertical Sectors" and "Report Type" by ticking the check boxes of your choice. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Excluding off-hours movements, Oracleâs share has risen by about 12% since its inception in 2020, while S & P 500 has risen by about 14%. 359 Crore, up 2% Year over Year Revenue for the Quarter at Rs. Oracle Corp (symbol ORCL) reported their Q2 2021 fiscal year earnings on December 11, 2020. Q1 FISCAL 2021 FINANCIAL RESULTS. Presentation: Operator. Oracle (ORCL) Q2 2021 ... Q2 2021 Earnings Call Dec 10, 2020, 5:00 p.m. Operating income was USD 3.18 billion, up by 2.6% from USD 3.1 billion in Q2 2019 and net income equalled USD 2.31 billion, which stands for a 0.9% drop year over year from USD 2.33 billion. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. We want to hear from you. By segments, year-on-year changes in revenues for Q2 were as follows: Cloud Services and license support revenues went up by 2.6% to USD 6.81 billion, Cloud license and on-premise license dropped by 7.5% to USD 1.13 billion, Hardware revenues totalled USD 871 million, down by 2.2%, and Services revenues accounted for a 1.3% decrease, totalling USD 806 million. Revenue grew about 0.5% on an annualized basis in the second quarter of Oracle's 2020 fiscal year, which ended on November 30, according to a statement. By continuing to use this site, you agree to the use of cookies to track usage and audience statistics, to remember your preferences and to improve the site. Oracle Earnings, Revenue Beat in Q2. The consensus EPS Estimate is $0.89 (+11.2% ⦠Larry Ellison said Oracle has no plans to hire a second CEO following the death of co-CEO Mark Hurd. ORACLE CORPORATION . Data is a real-time snapshot *Data is delayed at least 15 minutes. For the H1 period, the Americas recorded 0.5% increase, totalling USD 10.5 billion, EMEA went down by 2.1% to USD 5.25 billion and Asia Pacific grew by 4.6%, to reach USD 3.13 billion. Oracle offers a comprehensive and fully integrated stack ⦠The ⦠"After weaker 1Q results (+1.6% in constant currency), the company needs to pick up the pace for the remainder of the year," Wedbush analysts Steve Koenig and Ahmad Khalil wrote in a note distributed to clients on Tuesday. Oracle's revenue came in under expectations. Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results. Excluding the after-hours move, shares of ⦠Cloud ⦠For second-quarter fiscal 2021, Oracle anticipates total revenue growth rate on a year-over-year basis in the range of 1-3% at USD and 0-2% at cc. How to follow it: On Thursday Oracle reports fiscal 2021 Q2 results on Thursday, while Broadcom reports fiscal 2020 Q4 results. Adjustments to reconcile net income to net cash provided by operating activities: Depreciation. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q2 results. Oracle (NYSE: ORCL) is scheduled to announce Q2 earnings results on Thursday, December 12th, after market close. Total Revenues were $9.6 billion, up 1% in USD and in constant currency compared to Q2 last year. Shares of Oracle (NYSE:ORCL) fell 1.65% after the company reported Q2 results.Quarterly Results Earnings per share increased 17.78% over the past ⦠Cloud services and license support revenues were up 4% to $7.1 billion. Hardware revenue, at $871 million, declined 2% but was ahead of the $846.5 million estimate. Full year results announced fiscal 2021 Q2 results on Thursday oracle reports 2020.  Chairman of the conference Call, Calif., Dec. 10, /PRNewswire/! Q2B gets underway which is about what analysts had expected glow by Reuters - Dec,. 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