Oracle Announces Q3 Results: Revenues Were $9 Billion, EPS Up To $0.52

Posted on Mar 21 2013 - 7:24am by Editorial Staff

Oracle

Oracle today announced its third quarter fiscal 2013 results with reporting the revenues down by 1% to $9 billion, down 1%. The GAAP operating income was up 1% to 3.3 billion while GAAP operating margin was 37%. Non-GAAP operating income was down 1% to $4.2 billion, and non-GAAP operating margin was 47%.

GAAP net income was unchanged at $2.5 billion, while non-GAAP net income was down 1% to $3.1 billion. GAAP earnings per share were $0.52, up 6% compared to last year while non-GAAP earnings per share were up 5% to $0.65.

“Our non-GAAP operating margin increased to a Q3 record of 47%, and we expect it to reach an all-time high for the fiscal year,” said Oracle President and CFO, Safra Catz. “Both operating cash flow and free cash flow were at record levels for a Q3, with operating cash flow of $13.7 billion over the last twelve months.”

The company reported the new software licenses and cloud software subscriptions revenue to $2.3 billion, down 2% while the software license updates and cloud software subscriptions revenues were down 2% to $2.3 billion. Software license updates and product support revenues were up 7% to $4.3 billion. Hardware systems products revenues were $671 million.

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