Oracle Smashed Top- and Bottom Line Projections Due to Booming Cloud Infrastructure

Oracle (ORCL) announced its financial results for the Q4 and the entire fiscal year of 2022.

Oracle shares are included in the S&P 100 and S&P 500 indices. The current capitalization is $170.9 billion. The shares rose strongly after the market close of trading and the release of the report by +15%. As a result, the current price of a share is around $73.68.

Let's look at the company’s results over the reporting period:

4Q GAAP earnings per share $1.16, non-GAAP earnings per share $1.54; Operating cash flow for the last 12 months was $9.5 billion. Furthermore, in fiscal 2022, total revenue rose by 5% in USD and 7% in local currency to $42.4 billion; Q4 total GAAP revenue of $11.8 billion, up 5%, and up 10% in local currencies.

Structurally, Q4 total cloud computing revenue (IaaS + SaaS services) of $2.9 billion, up 19% in USD and up 22% in local currencies. Cloud infrastructure (IaaS) revenue grew 36% in USD and 39% in local currency.

In fiscal year 2022, GAAP operating income was $10.9 billion and GAAP operating margin was 26%. Non-GAAP operating income was $19.6 billion and a non-GAAP operating margin of 46%. GAAP net income was $6.7 billion and non-GAAP net income was $13.7 billion. GAAP earnings per share were $2.41 and non-GAAP earnings per share were $4.90. Doll.

The Board of Directors declared a quarterly cash dividend of $0.32 per common share outstanding. These dividends will be paid to registered shareholders as of the close of business on July 12, 2022 with a payment date due on July 26, 2022.

As a summary, the company continued to improve its core results this quarter, with overall revenue up 10% in local currency terms. This consistent increase in quarterly revenue growth was typically driven by market-leading cloud applications Fusion and NetSuite. The company also experienced strong demand in the cloud infrastructure business in Q4, which grew by 39% in local currency. Acceleration in revenue growth indicates that the infrastructure business has now obtained some sort of a second breath. All of this lays a strong foundation for continuing revenue growth over the next few quarters.