The enterprise software giant’s fourth quarter results showed that revenues were up 1% to $10.9 billion on a GAAP basis, but non-GAAP total revenues were up 1% to $11.0 billion. The earnings came up 10% to $0.82 non-GAAP earnings per share. Thomson Reuters had estimates of $0.78 EPS and $10.89 billion in non-GAAP sales. Here are some of the individual metrics:
- new software license revenues were up 7% to $4.0 billion;
- software license updates and product support revenues were up 5% to $4.2 billion
- hardware systems products revenues were down 16% to $977 million
- Non-GAAP operating income was up 5% to $5.5 billion
- non-GAAP operating margin was 50%
- non-GAAP net income was up 7% to $4.1 billion.
- GAAP operating cash flow for fiscal year 2012 was up 23% $13.7 billion.
Oracle’s GAAP earnings would have been $0.03 higher at $0.72, up 16%, and Q4 non-GAAP earnings per share would have been $0.04 higher at $0.86 had it not been for the impact of currencies.
Total revenues would have been up 5% without the currency impact but the breakdown is as follows: non-GAAP new software license revenues would have been up 12% and non-GAAP hardware systems products revenues would have been down 13%.
The company called this quarter a record-breaking fourth quarter and the company called development of Oracle Cloud as being strategic to increasing the size and profitability of Oracle’s software business.
Some more shareholder-friendly data came out as well. Oracle declared a quarterly cash dividend of $0.06 per share and authorized the repurchase of up to an additional $10.0 billion of common stock under its existing share repurchase program in future quarters.
Shares closed down 2.1% at $27.12 today, but the stock is up 2.9% at $27.92 in the after-hours.
JON C. OGG
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