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ORACLE CORPORATION |
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Q3 FISCAL 2022 YEAR TO DATE FINANCIAL RESULTS |
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
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($ in millions, except per share data) |
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Nine Months Ended February 28, |
% Increase |
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% Increase |
(Decrease) |
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% of |
% of |
(Decrease) |
in Constant |
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2022 |
Revenues |
2021 |
Revenues |
in US $ |
Currency (1) |
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REVENUES |
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|
Cloud services and license support |
$ 22,562 |
74% |
$ 21,311 |
73% |
6% |
6% |
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Cloud license and on-premise license |
3,339 |
11% |
3,254 |
11% |
3% |
4% |
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Hardware |
2,328 |
7% |
2,478 |
8% |
(6%) |
(5%) |
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Services |
2,371 |
8% |
2,209 |
8% |
7% |
8% |
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Total revenues |
30,600 |
100% |
29,252 |
100% |
5% |
5% |
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OPERATING EXPENSES |
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Cloud services and license support |
3,778 |
12% |
3,139 |
11% |
20% |
21% |
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Hardware |
718 |
2% |
719 |
2% |
0% |
1% |
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Services |
1,984 |
7% |
1,875 |
6% |
6% |
7% |
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Sales and marketing |
5,811 |
19% |
5,605 |
19% |
4% |
4% |
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Research and development |
5,254 |
17% |
4,812 |
17% |
9% |
9% |
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General and administrative |
953 |
3% |
949 |
3% |
0% |
0% |
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Amortization of intangible assets |
882 |
3% |
1,037 |
4% |
(15%) |
(15%) |
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Acquisition related and other (2) |
4,707 |
16% |
107 |
1% |
* |
* |
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Restructuring |
89 |
0% |
337 |
1% |
(74%) |
(73%) |
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Total operating expenses |
24,176 |
79% |
18,580 |
64% |
30% |
30% |
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OPERATING INCOME |
6,424 |
21% |
10,672 |
36% |
(40%) |
(38%) |
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Interest expense |
(2,051) |
(7%) |
(1,799) |
(6%) |
14% |
14% |
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Non-operating expenses, net |
(348) |
(1%) |
(30) |
0% |
* |
* |
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INCOME BEFORE INCOME TAXES |
4,025 |
13% |
8,843 |
30% |
(54%) |
(51%) |
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(Provision for) benefit from income taxes |
(497) |
(1%) |
871 |
3% |
* |
* |
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NET INCOME |
$ 3,528 |
12% |
$ 9,714 |
33% |
(64%) |
(61%) |
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EARNINGS PER SHARE: |
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Basic |
$ 1.30 |
$ 3.26 |
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Diluted |
$ 1.26 |
$ 3.19 |
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WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: |
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Basic |
2,711 |
2,977 |
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Diluted |
2,800 |
3,049 |
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(1) |
We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2021, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the nine months ended February 28, 2022 compared with the corresponding prior year period decreased our operating income by 2 percentage points. |
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(2) |
Acquisition related and other for the nine months ended February 28, 2022 included the impact of litigation related charges totaling $4.7 billion. |
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* |
Not meaningful |
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