Oracle(ORCL)2025-06-11 20:12Financial Performance - Q4 total revenues increased by 11% year-over-year to $15.9 billion, with cloud services and license support revenues rising 14% to $11.7 billion[2][7] - Fiscal year 2025 total revenues reached $57.4 billion, up 8% in USD and 9% in constant currency[4][5] - Q4 GAAP net income was $3.4 billion, with non-GAAP net income at $4.9 billion, resulting in GAAP earnings per share of $1.19 and non-GAAP earnings per share of $1.70[3][7] - Total revenues for Q4 Fiscal 2025 reached $15.9 billion, an 11% increase compared to $14.2 billion in Q4 Fiscal 2024[17] - Operating income for Q4 Fiscal 2025 was $5.1 billion, reflecting a 9% increase from $4.7 billion in Q4 Fiscal 2024[17] - Net income for Q4 Fiscal 2025 was $3.4 billion, a 9% increase from $3.1 billion in Q4 Fiscal 2024[17] - Diluted earnings per share for Q4 Fiscal 2025 were $1.19, an 8% increase compared to $1.11 in Q4 Fiscal 2024[17] - Total revenues for fiscal 2025 reached $57.39 billion, representing a 8% increase compared to $52.96 billion in fiscal 2024[25] - Operating income was reported at $17.67 billion, with an operating margin of 31%, up from 29% in the previous year[25] - Net income for fiscal 2025 was $12.44 billion, a 19% increase from $10.47 billion in fiscal 2024[31] - Diluted earnings per share increased to $4.34, reflecting a 17% growth compared to $3.71 in fiscal 2024[25] Cloud Services Growth - Cloud Infrastructure revenue grew 52% in Q4 to $3.0 billion, while overall cloud revenue (IaaS plus SaaS) increased by 27% to $6.7 billion[7] - Oracle expects total cloud growth rates to exceed 40% in FY26, with Cloud Infrastructure growth projected to surpass 70%[6] - MultiCloud database revenue from Amazon, Google, and Azure grew 115% from Q3 to Q4, with expectations for continued triple-digit growth in FY26[6] - Cloud services and license support revenues for the year ended May 31, 2025, were $44.0 billion, a 12% increase from $39.4 billion in the previous year[22] - Cloud services revenue for Q4 FY2025 is expected to grow by 24% year-over-year, reaching $6.73 billion[35] - Constant currency revenue growth for cloud services is projected at 24% for FY2025, indicating robust demand[37] Operating Expenses and Cash Flow - Total operating expenses for the year ended May 31, 2025, were $39.7 billion, a 6% increase from $37.6 billion in the previous year[22] - Operating margin for Q4 Fiscal 2025 was 32%, compared to 33% in Q4 Fiscal 2024, reflecting a decrease of 67 basis points[17] - Operating cash flow for fiscal year 2025 was $20.8 billion, up 12% in USD[3] - The company reported a net cash provided by operating activities of $20.82 billion, an increase from $18.67 billion in fiscal 2024[31] - Capital expenditures for fiscal 2025 were $21.22 billion, significantly higher than $6.87 billion in fiscal 2024[31] - Cash and cash equivalents at the end of the period were $10.79 billion, up from $10.45 billion at the end of fiscal 2024[31] - Total current assets increased to $24.58 billion, compared to $22.55 billion in the previous year[29] - Total assets grew to $168.36 billion, up from $140.98 billion in fiscal 2024[29] Stock-Based Compensation and Non-GAAP Measures - Total stock-based compensation for Q4 Fiscal 2025 was $1.3 billion, up from $1.0 billion in Q4 Fiscal 2024[18] - Stock-based compensation expenses rose to $4.67 billion, compared to $3.97 billion in the previous year[26] - The company utilizes non-GAAP financial measures to provide a clearer understanding of past performance and future results, excluding stock-based compensation and acquisition-related expenses[40] - Stock-based compensation expenses are excluded from non-GAAP measures, although they are considered a key incentive for employees and will recur in future periods[40] - Amortization of intangible assets is excluded from non-GAAP measures due to its inconsistent nature and impact from acquisitions, contributing to future revenues[41] - Acquisition-related expenses include personnel costs and business combination adjustments, which are excluded from non-GAAP measures to provide clarity on operating expenses[42] - Restructuring expenses, such as employee severance, are also excluded from non-GAAP measures, reflecting costs that may recur with future acquisitions[42] Future Outlook and Strategic Plans - The company plans to continue expanding its market presence through new product developments and strategic acquisitions[35] - Oracle has 23 MultiCloud datacenters live and plans to build 47 more over the next 12 months[6] - The Americas region generated $10.0 billion in revenue for Q4 FY2025, marking a 36.3% increase year-over-year[36]