NYSE$ORCL

Oracle Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Oracle's Q4 2022 earnings were announced, revealing a revenue increase and strong cloud growth.

Oracle announced its Q4 fiscal year 2022 results, with total quarterly revenues up 5% year-over-year in USD and up 10% in constant currency to $11.8 billion. Q4 GAAP earnings per share was $1.16 while non-GAAP earnings per share was $1.54.

  • Q4 GAAP Earnings per Share $1.16, Non-GAAP Earnings per Share $1.54
  • Total Q4 Revenue $11.8 billion, up 5% in USD, up 10% in constant currency
  • Total Q4 Cloud Revenue (IaaS plus SaaS) $2.9 billion, up 19% in USD, up 22% in constant currency
  • Infrastructure Cloud Revenue (IaaS) up 36% in USD, up 39% in constant currency

Headline financials

Total Revenue

$11.8B

Previous: $11.2B+5.5%
EPS (adj)

$1.54

Previous: $1.54+0.0%
Capital Expenditures

$1.42B

Previous: $717M+98.5%
Free Cash Flow

$2.56B

Previous: $4.13B-37.9%
Net Income

$3.19B

Previous: $4.03B-20.9%
Operating Income

$4.5B

Previous: $4.54B-0.8%
Gross Profit

$9.44B

Previous: $9.11B+3.7%
Cash & Equivalents

$21.4B

Previous: $30.1B-29.0%
Total Assets

$109B

Previous: $131B-16.6%
Stock-Based Comp

$713M

Previous: $442M+61.3%

Revenue & EPS history

Oracle · Revenue · Quarterly

$11.8B

Q4 2022+5.5%vs Q4 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Oracle · $1.69B total across 2 segments · Q4 2022

  • Hardware
    $856M-2.9%
  • Services
    $833M+2.6%

Forward guidance

Oracle anticipates continued revenue growth, driven by Fusion and NetSuite cloud applications, and expects its infrastructure business to enter a hyper-growth phase, further bolstered by the acquisition of Cerner.

Tailwinds

  • Consistent increases in quarterly revenue growth rate
  • Market-leading Fusion and NetSuite cloud applications
  • Major increase in demand in infrastructure cloud business
  • Infrastructure business has now entered a hyper-growth phase
  • Oracle finds itself in position to deliver stellar revenue growth over the next several quarters

Headwinds

  • Statements in this press release relating to Oracle's future plans, expectations, beliefs, intentions and prospects are forward-looking statements and are subject to material risks and uncertainties.
  • Our success depends upon our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services.
  • Our cloud strategy, including our Oracle Cloud Software-as-a-Service and Oracle Cloud Infrastructure offerings, may adversely affect our revenues and profitability.
  • We might experience significant coding, manufacturing or configuration errors in our cloud, license and hardware offerings.
  • Acquisitions present many risks and we may not achieve the financial and strategic goals that were contemplated at the time of the transaction.

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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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