The Oracle business in the quarterly and in the FY2020
Oracle: quarterly and fiscal year 2020 These are some of the passages in the document highlighted by the press release that we received from the editorial staff:
the turnover of the Fusion ERP Cloud business recorded growth of + 32% on an annual basis in Q4; the turnover of the Fusion HCM Cloud business recorded an increase of + 27% on an annual basis in Q4; earnings per share in Q4 GAAP rises to $ 0.99 and non-GAAP earnings to $ 1.20, with growth on an annual basis of + 3% and + 5% respectively at constant currency; earnings per share in FY20 GAAP rises to $ 3.08 and non-GAAP earnings rises to $ 3.85, an increase of + 9% and + 11% year on year, at constant currency. Below is the comment by CEO Safra Catz.
In the fourth quarter, the earnings per share to non-GAAP earnings were up +5% in constant currency, due to the excellent performance in cloud infrastructures both in enterprise applications in the cloud. The most important accomplishments were that of the Fusion ERP Cloud, which grew by +35% at constant currency, and the Fusion HCM Cloud Suite, increased +29% at constant currency. Our overall business has been very good, taking into consideration the time of the pandemic, but our results would have been even better were it not for the difficulties of our clients in the most affected sectors, such as hospitality, retail and transport, who have postponed some of their purchases. However, for the third consecutive year, we achieved double-digit growth in earnings per share in FY20.
recently, companies like Zoom and 8×8 , strong growth important with regard to the user base, they have chosen the cloud by Oracle for the delivery of their services dedicated to communication and collaboration remotely in smart mode working as well as for teaching at a distance.
Source: Oracle
