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1. Das 4. Quartal ist traditionell das umsatzstärkste Quartal des Jahres für Oracle
2. Das 4. Quartal endete am 31.5. und ist damit möglicherweise stärker von der Corona Krise geprägt als das erste Quartal von den Unternehmen, deren Geschäftsjahr dem Kalenderjahr entspricht.

Oracle Corporation (NYSE: ORCL) today announced fiscal 2021 Q2 results.

• Total quarterly revenues were up 2% year-over-year to $9.8 billion. 
• Cloud services and license support revenues were up 4% to $7.1 billion. 
• Cloud license and on-premise license revenues were down 3% to $1.1 billion.
• Q2 GAAP operating income was up 13% to $3.6 billion and GAAP operating margin was 37%.
• Non-GAAP operating income was up 14% to $4.6 billion and non-GAAP operating margin was 47%.
•  GAAP net income was up 6% to $2.4 billion, and non-GAAP net income was up 9% to $3.2 billion. 
• GAAP earnings per share was up 16% to $0.80, while non-GAAP earnings per share was up 19% to $1.06.
• Short-term deferred revenues were $8.1 billion. 
• Operating cash flow was $14.0 billion during the trailing twelve months.
• Oracle Gen2 Cloud Infrastructure and Autonomous Database revenue up over 100%
• Fusion Cloud ERP revenue up 33%, NetSuite Cloud ERP revenue up 21%

Oracle is the latest tech firm to exit Silicon Valley after the COVID-19 pandemic triggered a broader shift to remote work, making companies reconsider California's higher operational costs and hefty taxes. In 2018, Oracle set up a campus in Austin that could support a 10,000-strong workforce, in a bid to meet increasing demand for its cloud business.
Hewlett Packard Enterprise HPE.N, a spinoff of the decades-old corporation often mentioned in the accounts of the founding of Silicon Valley, said earlier this month it would move its headquarters from California to the Lone Star State.
Data analytics firm Palantir Technologies PLTR.N also shifted headquarters to Denver, Colorado from Palo Alto, California in August.
Earlier this week, electric car-maker Tesla Inc's TSLA.O Elon Musk said he had relocated to Texas from California, which has the highest personal income tax rate in the United States.

Oracle shares are trading sharply higher after Barclays analyst Raimo Lenschow raised his rating on the enterprise software giant to Overweight from Equal Weight. Lenschow thinks Oracle’s cloud business is gaining traction—enough to speed up revenue growth and drive up the stock’s valuation.
He raised his target for the stock price to $80, from $66.

Q3 GAAP operating income was up 10% to $3.9 billion and GAAP operating margin was 38%. Non-GAAP operating income was up 10% to $4.8 billion and non-GAAP operating margin was 47%. GAAP net income was up 95% to $5.0 billion, and GAAP earnings per share was up 113% to $1.68. The GAAP income statement was impacted by a one-time net tax benefit totaling $2.3 billion related to the transfer of certain assets between subsidiaries. Non-GAAP net income was up 10% to $3.5 billion, and non-GAAP earnings per share was up 20% to $1.16
The Board of Directors increased the authorization for share repurchases by $20 billion. Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share of outstanding common stock, reflecting a 33% increase over the current quarterly dividend of $0.24.

• Q4 FY21 Earnings Per Share: GAAP EPS up 39% to $1.37, Non-GAAP EPS up 29% to $1.54
• Q4 Cloud Application Revenue: Fusion ERP up 46%, Fusion HCM up 35%, NetSuite ERP up 26%
• Q4 Cloud Infrastructure Revenue: Gen2 Cloud plus Autonomous Database up over 100%
• Total quarterly revenues were up 8% year-over-year to $11.2 billion. Cloud services and license support revenues were up 8% to $7.4 billion. Cloud license and on-premise license revenues were up 9% to $2.1 billion.
• Q4 GAAP operating income was up 5% to $4.5 billion, and GAAP operating margin was 40%. Non-GAAP operating income was up 6% to $5.4 billion and non-GAAP operating margin was 49%. 
• GAAP net income was up 29% to $4.0 billion, and GAAP earnings per share was up 39% to $1.37. Non-GAAP net income was up 20% to $4.5 billion, and non-GAAP earnings per share was up 29% to $1.54.
• Short-term deferred revenues were up 10% from last year to $8.8 billion. Operating cash flow was up 21% to a record $15.9 billion during the trailing twelve months.
• Fiscal year 2021 total revenues were up 4% year-over-year to $40.5 billion. Cloud services and license support revenues were up 5% to $28.7 billion. Cloud license and on-premise license revenues were up 5% to $5.4 billion.
• Fiscal year 2021 GAAP operating income was up 9% to $15.2 billion, and GAAP operating margin was 38%. Non-GAAP operating income was up 9% to $19.0 billion, and non-GAAP operating margin was 47%. GAAP net income was up 36% to $13.7 billion, while non-GAAP net income was up 11% to $14.1 billion. GAAP earnings per share increased 48% to $4.55, while non-GAAP earnings per share was up 21% to $4.67.

Oracle's Q2 GAAP results were adversely impacted by the payment of a judgment related to a ten year old dispute surrounding former CEO Mark Hurd's employment. That payment resulted in a Q2 GAAP operating loss of $824 million and a loss per share of $0.46. Q2 Non-GAAP operating income was up 6% to $4.9 billion and earnings per share was up 14% to $1.21.

• Q4 GAAP Earnings per Share $1.16, Non-GAAP Earnings per Share $1.54
• Total Q4 Revenue $11.8 billion, up 5% in USD, up 10% in constant currency
• Total Q4 Cloud Revenue (IaaS plus SaaS) $2.9 billion, up 19% in USD, up 22% in constant currency
• Infrastructure Cloud Revenue (IaaS) up 36% in USD, up 39% in constant currency
• Fusion ERP Cloud Revenue (SaaS) up 20% in USD, up 23% in constant currency
• NetSuite ERP Cloud Revenue (SaaS) up 27% in USD, up 30% in constant currency

Im zurückliegenden Gesamtjahr ist der Nettogewinn in USD um 51% gegenüber Vorjahr zurückgeblieben. Bei den Operating Expenses schlägt ein negativer Betrag von 4,7 Mrd. USD zu Buche, der bereits für das zweite Quartal berichtet wurde und auf einen Rechtsstreit mit HP zurückzuführen ist. Da die Erwartungen der Marktteilnehmer im vierten Quartal übertroffen wurden, hat die Aktie nach der Veröffentlichung zugelegt.
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So, all in, total revenues for the quarter were $11.4 billion, up 23% in constant currency. Excluding Cerner revenue of $1.4 billion, organic revenue was up 8% in constant currency. In addition, I want to point out that since we no longer operate in Russia, this negatively affected revenue by over one point of growth. Had we still -- had we not left, actually, our growth rate will be over 9% this quarter.
Operating expenses were up 34%, mainly due to adding in Cerner's expenses and the mix of our business. The gross margin for cloud services and license support was 81%, and the associated gross profit dollars grew 15% with Cerner and 7% excluding Cerner. In fact, the gross margin percentage on IaaS increased dramatically in the quarter. Non-GAAP operating income was $4.5 billion, up 10% from last year, and I expect that we'll see strong operating income growth again in Q2.