~ Fusion Cloud ERP Customer Count Nearly 5,500, NetSuite Cloud ERP Customer Count Over 15,000

Redwood Shores, Calif., September 17, 2018 -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2019 Q1 results. Total Revenues were US$ 9.2 billion, up 1% in U.S. dollars and up 2% in constant currency, compared to Q1 last year.

Total cloud services and license support plus cloud license and on-premise license revenues were up 2% to US$ 7.5 billion. Cloud services and license support revenues were US$ 6.6 billion, while cloud license and on-premise license revenues were US$ 867 million. Without the strengthening of the U.S. dollar compared to foreign currencies, Oracle’s reported GAAP and non-GAAP total revenues would have been $66 million higher and earnings per share would have been 1 cent higher.

GAAP operating income was up 1% to $2.8 billion and GAAP operating margin was 30%. Non-GAAP operating income was up 1% to $3.8 billion and non-GAAP operating margin was 41%. GAAP net income was up 6% to $2.3 billion and non-GAAP net income was up 10% to $2.8 billion. GAAP Earnings per share was up 13% to $0.57 while non-GAAP earnings per share were up 18% to $0.71.

Short-term deferred revenues were up 2% to $10.3 billion compared to a year ago. Operating cash flow was up 5% to $15.5 billion during the trailing twelve months.

“We are off to an excellent start with Q1 non-GAAP earnings per share growing 19% in constant currency,” said Oracle CEO, Safra Catz. “That strong earnings per share growth rate increases my confidence that we will deliver on another fiscal year of double-digit non-GAAP earnings per share growth.”

“The vast majority of ERP applications running in the cloud are either Oracle Fusion or Oracle NetSuite systems,” said Oracle CEO, Mark Hurd. “In the first quarter, we increased our market share as customers continued to buy Oracle Fusion ERP to replace their existing SAP and Workday ERP systems. The Oracle Fusion ERP customer count is now nearly 5,500, while the NetSuite ERP customer count is over 15,000. Virtually every analyst ranks Oracle as the market leader in cloud ERP.”

“The Oracle Autonomous Database is now available on our second generation, highly-secure “Bare-Metal” cloud infrastructure,” said Oracle CTO, Larry Ellison. “Oracle’s Autonomous Database is faster, easier-to-use, more reliable, more secure and much lower cost than Amazon’s databases. And Oracle is the only database that can automatically patch itself while running to protect your data from data theft. These are just some of the reasons why Amazon uses the Oracle database to run its business.”

The Board of Directors increased the authorization for share repurchases by $12.0 billion. The Board of Directors also declared a quarterly cash dividend of $0.19 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 16, 2018, with a payment date of October 30, 2018.