NYSE$ORCL
Oracle Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Oracle's Q3 fiscal year 2023 financial results were announced, with total revenue up 18% and non-GAAP EPS at $1.22.
Oracle announced Q3 fiscal year 2023 results with total revenue of $12.4 billion, up 18% in USD and 21% in constant currency. Non-GAAP EPS reached $1.22, driven by strong growth in cloud services.
- GAAP earnings per share was $0.68, while non-GAAP earnings per share was $1.22.
- Total revenue reached $12.4 billion, reflecting an 18% increase in USD and a 21% increase in constant currency.
- Cloud revenue (IaaS plus SaaS) was $4.1 billion, up 45% in USD and 48% in constant currency.
- Cloud Infrastructure (IaaS) revenue was $1.2 billion, up 55% in USD and 57% in constant currency.
Headline financials
Revenue & EPS history
Oracle · Revenue · Quarterly
$12.4B
Revenue by segment
Oracle · $2.19B total across 2 segments · Q3 2023
- Services$1.38B+74.4%62.9%
- Hardware$811M+1.6%37.1%
Forward guidance
Oracle expects continued growth in its cloud businesses and healthcare sector due to recent Cerner acquisition.
Tailwinds
- Strong quarterly earnings growth driven by cloud businesses.
- Cloud businesses now exceed $16 billion in annualized revenue.
- Leader in Cloud ERP with approximately 10,000 Fusion ERP customers.
- Over 34,000 NetSuite ERP customers.
- Technically advanced Gen2 infrastructure business in hypergrowth phase.
Headwinds
- US dollar strengthening compared to foreign currencies.
- Increased operating expenses.
- Increased amortization of intangible assets.
- Increased restructuring expenses.
- Unfavorable legal proceedings.
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 Q3 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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