Oracle Corporation (NYSE:ORCL) reported upbeat earnings for its fourth quarter, while sales missed estimates.
The company, out of Redwood Shores, Calif., reported Tuesday announced fiscal 2020 Q4 and fiscal 2020 full year results. Total quarterly revenues were $10.4 billion, down 6% year-over-year (YoY) and down 4% in constant currency compared to Q4 last year. Cloud services and license support revenues were $6.8 billion, up 1% YoY and 3% in constant currency. Cloud license and on-premise license revenues were $2.0 billion.
Q4 GAAP operating income was up 1% YoY to $4.3 billion, and GAAP operating margin was 41%. Non-GAAP operating income was down 2% YoY to $5.1 billion, and non-GAAP operating margin was 49%. GAAP net income was $3.1 billion, and non-GAAP net income was $3.8 billion. GAAP earnings per share were $0.99, while non-GAAP earnings per share was up 3% YoY to $1.20.
Short-term deferred revenues were $8.0 billion. Operating cash flow was $13.1 billion during the trailing 12 months.
For fiscal 2020, total revenues were $39.1 billion, down 1% YoY and flat in constant currency. Cloud services and license support revenues were $27.4 billion, up 3% YoY and 4% in constant currency. Cloud license and on-premise license revenues were $5.1 billion.
Fiscal 2020 GAAP operating income was $13.9 billion, and GAAP operating margin was 36%. Non-GAAP operating income was $17.4 billion, and non-GAAP operating margin was 44%. GAAP net income was $10.1 billion, while non-GAAP net income was $12.7 billion. GAAP earnings per share increased 4% to $3.08, while non-GAAP earnings per share was up 9% to $3.85.
ORCL shares fell $2.27, or 4.2%, Wednesday to $52.32.
