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For Q3 2021 (ended Feb 2021), Total Revenues were $10.1 billion, up 3% y-o-y. Cloud Services and License Support revenues were $7.3 billion, up 5% y-o-y. Cloud License and On-Premise License revenues were $1.3 billion, down 4% y-o-y. GAAP Operating Income was $3.9 billion, up 10% y-o-y. GAAP Operating Margin was 38%. GAAP Net Income was $5 billion, up 95% y-o-y. GAAP Earnings Per Share was up 113% to $1.68.
The World Health Organization (WHO) declared a global health emergency at the end of January in light of the coronavirus spread. Matters were made worse by fears of a price war in the oil industry triggered by an increase in oil production by Saudi Arabia. The companies are affected due to forced lockdown across countries and regions due to the coronavirus. Q1 2021 (ended August 2020) saw a rise in revenue primarily due to the Cloud segments.
Oracle earns money through the sale of enterprise software and associated hardware. The company had launched its Gen 2 cloud and Autonomous database in order to increase the ‘as a service’ component in its offerings.
Segment revenues are derived from the sale of subscription for Oracle Cloud Services and product upgrades.
Segment revenues are derived from the sale of software licenses to be used on-premise or in the cloud.
Segment revenues are derived from the sale of hardware products and related software.
Segment revenues are derived from the sale of consulting and technical support services.