Oracle’s end of fiscal year 2013 revenues of $37bn were flat compared with 2012, but the supplier indicated a record operating margin of 47%.
Oracle also announced a quarterly cash dividend of 12 cents per share of outstanding common stock, doubling the current quarterly dividend of six cents.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
Its third quarter total sales were down 1% to $9bn, compared with Q3 in its last financial year. But operating profitability was, in that quarter, up and free cash flow in good shape
GAAP [generally accepted accounting principles] total revenues for fiscal year ending 2013 were $37.2bn, non-GAAP revenues $37.3bn.
On the bottom line, GAAP net income was up 9% to $10.9bn, while non-GAAP net income was up 3% to $13.0bn. The supplier has, it said, doubled its dividend to shareholders.
GAAP new software licenses and cloud software subscriptions revenues were up 4% to $10.3bn, while non-GAAP revenues in the cloud category were up 4% to $10.4bn.
GAAP software license updates and product support revenues were up 6% to $17.1bn, while non-GAAP revenues were up 6% to $17.2bn.
For more enterprise financial results
Hardware systems products revenues were $3.0bn. GAAP operating income was up 7% to $14.7bn, and GAAP operating margin was 39%. Non-GAAP operating income was up 2% to $17.6 billion, and non-GAAP operating margin was 47%.
Ellison looks to hardware
Oracle CEO, Larry Ellison said: “Exadata, Exalogic,Exalytics, SPARC SuperCluster and our other engineered systems grew at a rate of 45% in Q4 as we took considerable market share from our primary competitor – IBM P-Series – which declined 32% in their most recent quarter.
“We sold over 1,200 engineered systems in the quarter and over 3,000 during the year. Our fast growing engineered systems business is now more than one-third of our overall hardware business which is one of the reasons we believe hardware will be a growth story in Oracle’s FY14”.
Oracle President and CFO, Safra Catz said, in a statement: “A record level non-GAAP operating margin of 47% in FY13 enabled us to generate over $14bn in operating cash flow during the year.
“We returned almost 90% of that to shareholders through dividends and share repurchases while increasing the cash on our balance sheet to $32bn. Consistently increasing our margins, cash flow and cash balance has allowed us to double our current quarterly dividend.”
Oracle President Mark Hurd said: “Oracle’s HCM Cloud, CRM Cloud and ERP Cloud grew 50% as we added over 500 new SaaS customers in Q4 alone.
“Our annualised SaaS revenue run rate is over $1bn, making us a strong number two [to Salesforce.com] in cloud applications – we are larger than SAP and Workday combined", he said.