NYSE$ORCL
Oracle Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Oracle's Q1 2023 financial results were announced, with revenue up 18% in USD and 23% in constant currency, driven by cloud growth and the addition of Cerner.
Oracle's Q1 2023 results showed strong revenue growth, driven by its cloud business and the recent acquisition of Cerner. Total revenue reached $11.4 billion, up 18% in USD and 23% in constant currency. Cloud revenue grew significantly, and the company expects continued growth in cloud and earnings per share.
- Total revenue grew 18% in USD and 23% in constant currency, reaching $11.4 billion.
- Cloud revenue (IaaS plus SaaS) increased by 45% in USD and 50% in constant currency, totaling $3.6 billion.
- GAAP earnings per share was $0.56, while non-GAAP earnings per share was $1.03.
- Cerner contributed $1.4 billion to total revenues and is expected to positively impact future growth.
Headline financials
Revenue & EPS history
Oracle · Revenue · Quarterly
$11.4B
Revenue by segment
Oracle · $2.12B total across 2 segments · Q1 2023
- Services$1.36B+74.3%64.1%
- Hardware$763M+0.0%35.9%
Forward guidance
Oracle anticipates continued revenue and EPS growth, driven by its cloud businesses and the integration of Cerner. The company expects its constant currency organic revenue growth rate to hit double-digits and Cerner to positively impact revenue and EPS growth.
Tailwinds
- Expects constant currency organic revenue growth rate to hit double-digits.
- Cerner will positively impact revenue and earnings per share growth.
- Developing an all-new suite of healthcare cloud services.
- Expanded relationship with Microsoft by providing all versions of the Oracle database directly to Microsoft Azure customers.
- Amazon Web Services customers can directly access Oracle’s MySQL HeatWave database running in the Amazon Cloud.
Headwinds
- The strengthening of the U.S. dollar compared to foreign currencies had a significant impact on results in the quarter.
- GAAP operating income was down 23% in USD and down 17% in constant currency.
- GAAP net income was down 37% in USD and 29% in constant currency.
- GAAP earnings per share was down 34% in USD and down 26% in constant currency.
- Operating income decreased by 23%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.4%
Avg return
30 days after
44%
32 / 73 earnings
Positive
+15.4%
Q2 2022
Best reaction
-13.2%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -2.4% | -0.4% | — | |
| Q3 2026 | -0.0% | +4.4% | -7.6% | |
| Q2 2026 | -4.2% | -15.4% | -11.0% | |
| Q1 2026 | +10.9% | +25.1% | +21.3% | |
| Q4 2025 | +2.7% | +3.7% | +5.7% | |
| Q3 2025 | -3.1% | +0.3% | -10.4% | |
| Q2 2025 | -7.3% | -9.5% | -14.9% | |
| Q1 2025 | +9.9% | +14.3% | +25.7% | |
| Q4 2024 | +12.8% | +10.9% | +14.7% | |
| Q3 2024 | +13.4% | +11.7% | +8.3% | |
| Q2 2024 | -11.3% | -9.1% | -8.5% | |
| Q1 2024 | -13.2% | -9.8% | -13.2% | |
| Q4 2023 | +6.2% | +14.2% | +5.6% | |
| Q3 2023 | -5.0% | -4.4% | +8.4% | |
| Q2 2023 | +0.9% | -0.4% | +10.9% | |
| Q1 2023 | +0.2% | -9.3% | -16.0% | |
| Q4 2022 | +5.3% | -1.6% | +7.9% | |
| Q3 2022 | +2.3% | +5.9% | +6.4% | |
| Q2 2022 | +15.4% | +12.3% | -1.6% | |
| Q1 2022 | -3.7% | -3.7% | +7.5% | |
| Q4 2021 | -6.7% | -7.7% | +4.4% | |
| Q3 2021 | -7.2% | -6.8% | +4.0% | |
| Q2 2021 | +1.5% | +3.6% | +6.1% | |
| Q1 2021 | +0.1% | +7.0% | +7.4% | |
| Q4 2020 | -3.2% | +2.2% | +4.8% | |
| Q3 2020 | +7.2% | +4.8% | +18.9% | |
| Q2 2020 | -3.2% | -6.2% | -3.3% | |
| Q1 2020 | -2.8% | -4.2% | +2.6% | |
| Q4 2019 | +7.7% | +7.3% | +8.8% | |
| Q3 2019 | -0.2% | +1.8% | +2.7% | |
| Q2 2019 | -1.6% | -5.6% | +3.1% | |
| Q1 2019 | -0.4% | +3.8% | -2.8% | |
| Q4 2018 | -8.0% | -5.2% | +4.1% | |
| Q3 2018 | -10.0% | -14.3% | -9.9% | |
| Q2 2018 | -3.5% | -4.5% | -1.1% | |
| Q1 2018 | -7.7% | -9.0% | -7.9% | |
| Q4 2017 | +9.7% | +11.0% | +10.8% | |
| Q3 2017 | +6.9% | +5.7% | +2.8% | |
| Q2 2017 | -4.4% | -4.6% | -4.0% | |
| Q1 2017 | -3.3% | -2.9% | -4.6% | |
| Q4 2016 | +3.2% | +4.0% | +8.7% | |
| Q3 2016 | +3.9% | — | — | |
| Q2 2016 | -3.3% | — | — | |
| Q1 2016 | -3.3% | — | — | |
| Q4 2015 | -4.3% | — | — | |
| Q3 2015 | +1.7% | — | — | |
| Q2 2015 | +11.6% | — | — | |
| Q1 2015 | -3.3% | — | — | |
| Q4 2014 | -4.6% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +8.8% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | -11.6% | — | — | |
| Q3 2013 | -9.5% | — | — | |
| Q2 2013 | +5.5% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | -1.2% | — | — | |
| Q2 2012 | -10.0% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +2.7% | — | — | |
| Q3 2011 | +1.5% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q1 2011 | -1.3% | — | — | |
| Q4 2010 | +1.7% | — | — | |
| Q4 2008 | +1.7% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q3 2009 | -0.6% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q2 2009 | -1.0% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q1 2009 | -1.0% | — | — | |
| Q4 2009 | -1.0% | — | — |
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