Technology

Oracle Announces Fiscal 2025 Third Quarter Financial Results

Published

1 year ago

March 10, 2025

Q3 Remaining Performance Obligations $130 billion, up 62% in USD & up 63% in constant currencyQ3 GAAP Earnings per Share up 20% to $1.02, Non-GAAP Earnings per Share up 4% to $1.47Q3 Total Revenue $14.1 billion, up 6% in USD and up 8% in constant currencyQ3 Cloud Revenue (IaaS plus SaaS) $6.2 billion, up 23% in USD and up 25% in constant currencyQ3 Cloud Infrastructure (IaaS) Revenue $2.7 billion, up 49% in USD and up 51% in constant currencyQ3 Cloud Application (SaaS) Revenue $3.6 billion, up 9% in USD and up 10% in constant currencyQ3 Fusion Cloud ERP (SaaS) Revenue $0.9 billion, up 16% in USD and up 18% in constant currencyQ3 NetSuite Cloud ERP (SaaS) Revenue $0.9 billion, up 16% in USD and up 17% in constant currency

AUSTIN, Texas, March 10, 2025 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) today announced fiscal 2025 Q3 results. Total Remaining Performance Obligations were up 62% year-over-year in USD, and up 63% in constant currency, to $130 billion. Total quarterly revenues were up 6% year-over-year in USD, and up 8% in constant currency, to $14.1 billion. Cloud services and license support revenues were up 10% year-over-year in USD, and up 12% in constant currency, to $11.0 billion. Cloud license and on-premise license revenues were down 10% in USD and down 8% in constant currency, to $1.1 billion.

Q3 GAAP operating income was $4.4 billion. Non-GAAP operating income was $6.2 billion, up 7% in USD, and up 9% in constant currency. GAAP operating margin was 31%, and non-GAAP operating margin was 44%. GAAP net income was $2.9 billion, up 22% in USD, and up 27% in constant currency. Non-GAAP net income was $4.2 billion, up 6% in USD, and up 9% in constant currency. Q3 GAAP earnings per share was $1.02, up 20% in USD and up 25% in constant currency, while non-GAAP earnings per share was $1.47, up 4% in USD, and up 7% in constant currency.

Short-term deferred revenues were $9.0 billion. Over the last twelve months, operating cash flow was $20.7 billion and free cash flow was $5.8 billion.

“Oracle signed sales contracts for more than $48 billion in Q3,” said Oracle CEO, Safra Catz. “This record sales number pushed our Remaining Performance Obligations, or RPO, up 63% to over $130 billion. We have now signed cloud agreements with several world leading technology companies including: OpenAI, xAI, Meta, NVIDIA and AMD. We expect that our huge $130 billion sales backlog will help drive a 15% increase in Oracle’s overall revenue in our next fiscal year beginning this June. And we expect RPO to continue to grow rapidly—as we look forward to signing our first Stargate contract—yet another big opportunity for Oracle to expand both its AI training and AI inferencing businesses in the near future.”

“We are on schedule to double our data center capacity this calendar year,” said Oracle Chairman and CTO, Larry Ellison. “Customer demand is at record levels. Our Database MultiCloud revenue from Microsoft, Google and Amazon is up 92% in the last three months alone. GPU consumption for AI training grew 244% in the last 12 months. And we are seeing enormous demand for AI inferencing on our customers’ private data. So, we are connecting OpenAI ChatGPT, xAI Grok and Meta Llama directly to Version 23ai of the Oracle Database with advanced vector capabilities. This new product, called the Oracle AI Data Platform, makes it easy for customers to use any of the world’s leading AI models to analyze all of their private data—while keeping all their data private and secure.”

Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.50 per share of outstanding common stock, reflecting a 25% increase over the current quarterly dividend of $0.40. Larry Ellison, Oracle’s Chairman of the Board of Directors, Chief Technology Officer, and largest stockholder, did not participate in the deliberation or the vote on this matter. This increased dividend will be paid to stockholders of record as of the close of business on April 10, 2025, with a payment date of April 23, 2025.

A sample list of customers which purchased Oracle Cloud services during the quarter will be available at www.oracle.com/customers/earnings/.A list of recent technical innovations and announcements is available at www.oracle.com/news/.To learn what industry analysts have been saying about Oracle’s products and services see www.oracle.com/corporate/analyst-reports/.

Earnings Conference Call and Webcast
Oracle will hold a conference call and webcast today to discuss these results at 4:00 p.m. Central. A live and replay webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor/.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

“Safe Harbor” Statement: Statements in this press release relating to future plans, expectations, beliefs, intentions and prospects, including the expectations for converting RPOs to revenue, future growth in RPO and data center capacity, the timing of signing the Stargate contract, and future demand for AI inferencing are “forward-looking statements” and are subject to material risks and uncertainties. Risks and uncertainties that could affect our current expectations and our actual results, include, among others: our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services, including our AI products; our management of complex cloud and hardware offerings, including the sourcing of technologies and technology components; our ability to secure data center capacity; significant coding, manufacturing or configuration errors in our offerings; risks associated with acquisitions; economic, political and market conditions; information technology system failures, privacy and data security concerns; cybersecurity breaches; unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle’s Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/. All information set forth in this press release is current as of March 10, 2025. Oracle undertakes no duty to update any statement in light of new information or future events.

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

Three Months Ended

% Increase

(Decrease)

February 28,
2025

% of

February 29,
2024

% of

(Decrease)

in Constant

Revenues

in US $

Currency (1)

REVENUES

Cloud services and license support

$ 11,007

78 %

$ 9,963

75 %

10 %

12 %

Cloud license and on-premise license

1,129

8 %

1,256

9 %

(10 %)

(8 %)

Hardware

703

5 %

754

6 %

(7 %)

(5 %)

Services

1,291

9 %

1,307

10 %

(1 %)

1 %

Total revenues

14,130

100 %

13,280

100 %

6 %

8 %

OPERATING EXPENSES

Cloud services and license support

2,882

20 %

2,452

18 %

19 %

Hardware

197

1 %

217

2 %

(9 %)

(7 %)

Services

1,116

8 %

1,200

9 %

(7 %)

(5 %)

Sales and marketing

2,119

15 %

2,042

15 %

4 %

6 %

Research and development

2,429

17 %

2,248

17 %

8 %

9 %

General and administrative

390

3 %

377

3 %

5 %

Amortization of intangible assets

548

4 %

749

6 %

(27 %)

Acquisition related and other

0 %

155

1 %

(82 %)

Restructuring

1 %

(30 %)

(28 %)

Total operating expenses

9,772

69 %

9,530

72 %

3 %

4 %

OPERATING INCOME

4,358

31 %

3,750

28 %

16 %

20 %

Interest expense

(892)

(6 %)

(876)

(6 %)

2 %

Non-operating expenses, net

(18)

0 %

(9)

0 %

101 %

91 %

INCOME BEFORE INCOME TAXES

3,448

25 %

2,865

22 %

20 %

25 %

Provision for income taxes

512

4 %

464

4 %

10 %

15 %

NET INCOME

$ 2,936

21 %

$ 2,401

18 %

22 %

27 %

EARNINGS PER SHARE:

Basic

$ 1.05

$ 0.87

Diluted

$ 1.02

$ 0.85

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:

Basic

2,799

2,748

Diluted

2,874

2,819

(1)

We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant
currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency
rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States
dollars are converted into United States dollars at the exchange rates in effect on May 31, 2024, which was the last day of our prior fiscal year,
rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States
dollar during the three months ended February 28, 2025 compared with the corresponding prior year period decreased our total revenues by 2
percentage points, total operating expenses by 1 percentage point and operating income by 4 percentage points.

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

Three Months Ended

% Increase
(Decrease)
in US $

% Increase (Decrease) in
Constant Currency (2)

February 28,
2025

February 29,
2024

GAAP

Non-GAAP

GAAP

Non-GAAP

GAAP

Adj.

Non-GAAP

GAAP

Adj.

Non-GAAP

TOTAL REVENUES

$ 14,130

$ –

$ 14,130

$ 13,280

$ –

$ 13,280

6 %

8 %

TOTAL OPERATING EXPENSES

$ 9,772

$ (1,837)

$ 7,935

$ 9,530

$ (2,042)

$ 7,488

3 %

6 %

4 %

8 %

Stock-based compensation (3)

1,198

(1,198)

–

1,048

(1,048)

–

14 %

Amortization of intangible assets (4)

548

(548)

–

749

(749)

–

(27 %)

Acquisition related and other

(28)

–

155

(155)

–

(82 %)

Restructuring

(63)

–

(90)

–

(30 %)

(28 %)

OPERATING INCOME

$ 4,358

$ 1,837

$ 6,195

$ 3,750

$ 2,042

$ 5,792

16 %

7 %

20 %

9 %

OPERATING MARGIN %

31 %

44 %

28 %

44 %

261 bp.

23 bp.

294 bp.

34 bp.

INCOME TAX EFFECTS (5)

$ 512

$ 542

$ 1,054

$ 464

$ 461

$ 925

10 %

14 %

15 %

17 %

NET INCOME

$ 2,936

$ 1,295

$ 4,231

$ 2,401

$ 1,581

$ 3,982

22 %

6 %

27 %

9 %

DILUTED EARNINGS PER SHARE

$ 1.02

$ 1.47

$ 0.85

$ 1.41

20 %

4 %

25 %

7 %

DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

2,874

–

2,874

2,819

–

2,819

2 %

(1)

This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction
with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these
measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

(2)

(3)

Stock-based compensation was included in the following GAAP operating expense categories:

Three Months Ended

February 28, 2025

February 29, 2024

GAAP

Adj.

Non-GAAP

GAAP

Adj.

Non-GAAP

Cloud services and license support

$ 160

$ (160)

$ –

$ 138

$ (138)

$ –

Hardware

(8)

–

(6)

–

Services

(54)

–

(45)

–

Sales and marketing

200

(200)

–

179

(179)

–

Research and development

675

(675)

–

584

(584)

–

General and administrative

101

(101)

–

(96)

–

Total stock-based compensation

$ 1,198

$ (1,198)

$ –

$ 1,048

$ (1,048)

$ –

(4)

Estimated future annual amortization expense related to intangible assets as of February 28, 2025 was as follows:

Remainder of fiscal 2025

$ 544

Fiscal 2026

1,639

Fiscal 2027

672

Fiscal 2028

635

Fiscal 2029

561

Fiscal 2030

522

Thereafter

558

Total intangible assets, net

$ 5,131

(5)

Income tax effects were calculated reflecting an effective GAAP tax rate of 14.9% and 16.2% in the third quarter of fiscal 2025 and 2024, respectively, and an effective non-GAAP tax rate of 19.9% and 18.9% in the
third quarter of fiscal 2025 and 2024, respectively. The difference in our GAAP and non-GAAP tax rates in each of the third quarters of fiscal 2025 and 2024 was primarily due to the net tax effects related to stock-
based compensation expense; acquisition related and other items, including the tax effects on amortization of intangible assets; and restructuring expense, partially offset by the net deferred tax effects
related to an income tax benefit that was previously recorded due to the partial realignment of our legal entity structure.

Not meaningful

ORACLE CORPORATION

Q3 FISCAL 2025 YEAR TO DATE FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

Nine Months Ended

% Increase

(Decrease)

February 28,
2025

% of

February 29,
2024

% of

(Decrease)

in Constant

Revenues

in US $

Currency (1)

REVENUES

Cloud services and license support

$ 32,331

78 %

$ 29,149

75 %

11 %

12 %

Cloud license and on-premise license

3,194

8 %

3,243

8 %

(2 %)

0 %

Hardware

2,086

5 %

2,224

6 %

(6 %)

(5 %)

Services

3,885

9 %

4,058

11 %

(4 %)

(3 %)

Total revenues

41,496

100 %

38,674

100 %

7 %

8 %

OPERATING EXPENSES

Cloud services and license support

8,226

20 %

6,905

18 %

19 %

20 %

Hardware

530

1 %

649

2 %

(18 %)

(17 %)

Services

3,430

8 %

3,665

9 %

(6 %)

Sales and marketing

6,345

15 %

6,161

16 %

3 %

4 %

Research and development

7,206

18 %

6,689

17 %

8 %

General and administrative

1,135

3 %

1,146

3 %

(1 %)

0 %

Amortization of intangible assets

1,763

4 %

2,267

6 %

(22 %)

Acquisition related and other

0 %

214

0 %

(66 %)

Restructuring

220

1 %

311

1 %

(29 %)

Total operating expenses

28,927

70 %

28,007

72 %

3 %

4 %

OPERATING INCOME

12,569

30 %

10,667

28 %

18 %

19 %

Interest expense

(2,600)

(6 %)

(2,636)

(7 %)

(1 %)

Non-operating income (expenses), net

0 %

(72)

0 %

INCOME BEFORE INCOME TAXES

10,008

24 %

7,959

21 %

26 %

28 %

Provision for income taxes

992

2 %

636

2 %

56 %

59 %

NET INCOME

$ 9,016

22 %

$ 7,323

19 %

23 %

25 %

EARNINGS PER SHARE:

Basic

$ 3.24

$ 2.67

Diluted

$ 3.15

$ 2.60

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:

Basic

2,783

2,741

Diluted

2,865

2,820

(1)

We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency
information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To
present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into
United States dollars at the exchange rates in effect on May 31, 2024, which was the last day of our prior fiscal year, rather than the actual exchange rates
in effect during the respective periods. Movements in international currencies relative to the United States dollar during the nine months ended February
28, 2025 compared with the corresponding prior year period decreased each of our total revenues, total operating expenses and operating income by 1
percentage point.

Not meaningful

ORACLE CORPORATION

Q3 FISCAL 2025 YEAR TO DATE FINANCIAL RESULTS

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

Nine Months Ended

% Increase
(Decrease)
in US $

% Increase (Decrease) in
Constant Currency (2)

February 28,
2025

February 29,
2024

GAAP

Non-GAAP

GAAP

Non-GAAP

GAAP

Adj.

Non-GAAP

GAAP

Adj.

Non-GAAP

TOTAL REVENUES

$ 41,496

$ –

$ 41,496

$ 38,674

$ –

$ 38,674

7 %

8 %

TOTAL OPERATING EXPENSES

$ 28,927

$ (5,429)

$ 23,498

$ 28,007

$ (5,719)

$ 22,288

3 %

5 %

4 %

6 %

Stock-based compensation (3)

3,374

(3,374)

–

2,927

(2,927)

–

15 %

Amortization of intangible assets (4)

1,763

(1,763)

–

2,267

(2,267)

–

(22 %)

Acquisition related and other

(72)

–

214

(214)

–

(66 %)

Restructuring

220

(220)

–

311

(311)

–

(29 %)

OPERATING INCOME

$ 12,569

$ 5,429

$ 17,998

$ 10,667

$ 5,719

$ 16,386

18 %

10 %

19 %

11 %

OPERATING MARGIN %

30 %

43 %

28 %

42 %

271 bp.

100 bp.

284 bp.

104 bp.

INCOME TAX EFFECTS (5)

$ 992

$ 2,042

$ 3,034

$ 636

$ 1,939

$ 2,575

56 %

18 %

59 %

19 %

NET INCOME

$ 9,016

$ 3,387

$ 12,403

$ 7,323

$ 3,780

$ 11,103

23 %

12 %

25 %

13 %

DILUTED EARNINGS PER SHARE

$ 3.15

$ 4.33

$ 2.60

$ 3.94

21 %

10 %

23 %

11 %

DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

2,865

–

2,865

2,820

–

2,820

2 %

(1)

This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with
our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the
usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

(2)

(3)

Stock-based compensation was included in the following GAAP operating expense categories:

Nine Months Ended

February 28, 2025

February 29, 2024

GAAP

Adj.

Non-GAAP

GAAP

Adj.

Non-GAAP

Cloud services and license support

$ 459

$ (459)

$ –

$ 386

$ (386)

$ –

Hardware

(21)

–

(17)

–

Services

150

(150)

–

123

(123)

–

Sales and marketing

556

(556)

–

488

(488)

–

Research and development

1,902

(1,902)

–

1,642

(1,642)

–

General and administrative

286

(286)

–

271

(271)

–

Total stock-based compensation

$ 3,374

$ (3,374)

$ –

$ 2,927

$ (2,927)

$ –

(4)

Estimated future annual amortization expense related to intangible assets as of February 28, 2025 was as follows:

Remainder of fiscal 2025

$ 544

Fiscal 2026

1,639

Fiscal 2027

672

Fiscal 2028

635

Fiscal 2029

561

Fiscal 2030

522

Thereafter

558

Total intangible assets, net

$ 5,131

(5)

Income tax effects were calculated reflecting an effective GAAP tax rate of 9.9% and 8.0% in the first nine months of fiscal 2025 and 2024, respectively, and an effective non-GAAP tax rate of 19.7% and 18.8% in the
first nine months of fiscal 2025 and 2024, respectively. The difference in our GAAP and non-GAAP tax rates in each of the first nine months of fiscal 2025 and 2024 was primarily due to the net tax effects related to
stock-based compensation expense; acquisition related and other items, including the tax effects on amortization of intangible assets; and restructuring expense, partially offset by the net deferred tax effects related
to an income tax benefit that was previously recorded due to the partial realignment of our legal entity structure.

Not meaningful

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED BALANCE SHEETS

($ in millions)

February 28,
2025

May 31,
2024

ASSETS

Current Assets:

Cash and cash equivalents

$ 17,406

$ 10,454

Marketable securities

417

207

Trade receivables, net

8,051

7,874

Prepaid expenses and other current assets

4,242

4,019

Total Current Assets

30,116

22,554

Non-Current Assets:

Property, plant and equipment, net

31,970

21,536

Intangible assets, net

5,131

6,890

Goodwill, net

62,171

62,230

Deferred tax assets

11,799

12,273

Other non-current assets

20,191

15,493

Total Non-Current Assets

131,262

118,422

TOTAL ASSETS

$ 161,378

$ 140,976

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Notes payable and other borrowings, current

$ 8,167

$ 10,605

Accounts payable

2,423

2,357

Accrued compensation and related benefits

1,839

1,916

Deferred revenues

9,019

9,313

Other current liabilities

8,175

7,353

Total Current Liabilities

29,623

31,544

Non-Current Liabilities:

Notes payable and other borrowings, non-current

88,109

76,264

Income taxes payable

9,813

10,817

Deferred tax liabilities

2,208

3,692

Other non-current liabilities

14,364

9,420

Total Non-Current Liabilities

114,494

100,193

Stockholders’ Equity

17,261

9,239

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$ 161,378

$ 140,976

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

($ in millions)

Nine Months Ended

February 28,
2025

February 29,
2024

Cash Flows From Operating Activities:

Net income

$ 9,016

$ 7,323

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

2,715

2,318

Amortization of intangible assets

1,763

2,267

Deferred income taxes

(1,097)

(1,755)

Stock-based compensation

3,374

2,927

Other, net

422

631

Changes in operating assets and liabilities:

Increase in trade receivables, net

(312)

(409)

Decrease in prepaid expenses and other assets

603

457

Decrease in accounts payable and other liabilities

(633)

(682)

Decrease in income taxes payable

(1,222)

(788)

Increase in deferred revenues

303

Net cash provided by operating activities

14,664

12,592

Cash Flows From Investing Activities:

Purchases of marketable securities and other investments

(838)

(674)

Proceeds from sales and maturities of marketable securities and other investments

444

207

Acquisitions, net of cash acquired

–

(59)

Capital expenditures

(12,135)

(4,068)

Net cash used for investing activities

(12,529)

(4,594)

Cash Flows From Financing Activities:

Payments for repurchases of common stock

(450)

(1,050)

Proceeds from issuances of common stock

520

454

Shares repurchased for tax withholdings upon vesting of restricted stock-based awards

(900)

(1,865)

Payments of dividends to stockholders

(3,340)

(3,289)

(Repayments of) proceeds from issuances of commercial paper, net

(396)

936

Proceeds from issuances of senior notes and term loan credit agreements, net of issuance costs

19,548

–

Repayments of senior notes and term loan credit agreements

(9,771)

(3,500)

Other, net

(299)

Net cash provided by (used for) financing activities

4,912

(8,280)

Effect of exchange rate changes on cash and cash equivalents

(95)

(2)

Net increase (decrease) in cash and cash equivalents

6,952

(284)

Cash and cash equivalents at beginning of period

10,454

9,765

Cash and cash equivalents at end of period

$ 17,406

$ 9,481

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

FREE CASH FLOW – TRAILING 4-QUARTERS (1)

($ in millions)

Fiscal 2024

Fiscal 2025

GAAP Operating Cash Flow

$ 17,745

$ 17,039

$ 18,239

$ 18,673

$ 19,126

$ 20,287

$ 20,745

Capital Expenditures

(8,290)

(6,935)

(5,981)

(6,866)

(7,855)

(10,745)

(14,933)

Free Cash Flow

$ 9,455

$ 10,104

$ 12,258

$ 11,807

$ 11,271

$ 9,542

$ 5,812

Operating Cash Flow % Growth over prior year

68 %

13 %

18 %

9 %

8 %

19 %

14 %

Free Cash Flow % Growth over prior year

76 %

20 %

68 %

39 %

19 %

(6 %)

(53 %)

GAAP Net Income

$ 9,375

$ 10,137

$ 10,642

$ 10,467

$ 10,976

$ 11,624

$ 12,160

Operating Cash Flow as a % of Net Income

189 %

168 %

171 %

178 %

174 %

175 %

171 %

Free Cash Flow as a % of Net Income

101 %

100 %

115 %

113 %

103 %

82 %

48 %

(1) To supplement our statements of cash flows presented on a GAAP basis, we use non-GAAP measures of cash flows on a trailing 4-quarter basis to analyze cash
flow generated from operations. We believe free cash flow is also useful as one of the bases for comparing our performance with our competitors. The
presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to net income as an indicator of our performance, or as an
alternative to cash flows from operating activities as a measure of liquidity.

ORACLE CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

SUPPLEMENTAL ANALYSIS OF GAAP REVENUES (1)

($ in millions)

Fiscal 2024

Fiscal 2025

TOTAL

REVENUES BY OFFERINGS

Cloud services

$ 4,635

$ 4,775

$ 5,054

$ 5,311

$ 19,774

$ 5,623

$ 5,937

$ 6,210

$ 17,769

License support

4,912

4,864

4,909

4,923

19,609

4,896

4,869

4,797

14,562

Cloud services and license support

9,547

9,639

9,963

10,234

39,383

10,519

10,806

11,007

32,331

Cloud license and on-premise license

809

1,178

1,256

1,838

5,081

870

1,195

1,129

3,194

Hardware

714

756

754

842

3,066

655

728

703

2,086

Services

1,383

1,368

1,307

1,373

5,431

1,263

1,330

1,291

3,885

Total revenues

$ 12,453

$ 12,941

$ 13,280

$ 14,287

$ 52,961

$ 13,307

$ 14,059

$ 14,130

$ 41,496

AS REPORTED REVENUE GROWTH RATES

Cloud services

30 %

25 %

20 %

25 %

21 %

24 %

23 %

License support

2 %

1 %

0 %

1 %

0 %

(2 %)

(1 %)

Cloud services and license support

13 %

12 %

9 %

12 %

10 %

12 %

10 %

11 %

Cloud license and on-premise license

(10 %)

(18 %)

(3 %)

(15 %)

(12 %)

7 %

1 %

(10 %)

(2 %)

Hardware

(6 %)

(11 %)

(7 %)

(1 %)

(6 %)

(8 %)

(4 %)

(7 %)

(6 %)

Services

2 %

(2 %)

(5 %)

(6 %)

(3 %)

(9 %)

(3 %)

(1 %)

(4 %)

Total revenues

9 %

5 %

7 %

3 %

6 %

7 %

9 %

6 %

7 %

CONSTANT CURRENCY REVENUE GROWTH RATES (2)

Cloud services

29 %

24 %

20 %

24 %

22 %

24 %

25 %

24 %

License support

0 %

1 %

0 %

Cloud services and license support

12 %

11 %

10 %

11 %

12 %

Cloud license and on-premise license

(11 %)

(19 %)

(3 %)

(14 %)

(12 %)

8 %

3 %

(8 %)

0 %

Hardware

(8 %)

(12 %)

(7 %)

0 %

(7 %)

(8 %)

(3 %)

(5 %)

Services

1 %

(3 %)

(5 %)

(6 %)

(3 %)

(8 %)

(3 %)

1 %

(3 %)

Total revenues

8 %

4 %

7 %

4 %

6 %

8 %

9 %

8 %

CLOUD SERVICES AND LICENSE SUPPORT REVENUES

BY ECOSYSTEM

Applications cloud services and license support

$ 4,471

$ 4,474

$ 4,584

$ 4,642

$ 18,172

$ 4,769

$ 4,784

$ 4,811

$ 14,363

Infrastructure cloud services and license support

5,076

5,165

5,379

5,592

21,211

5,750

6,022

6,196

17,968

Total cloud services and license support revenues

$ 9,547

$ 9,639

$ 9,963

$ 10,234

$ 39,383

$ 10,519

$ 10,806

$ 11,007

$ 32,331

AS REPORTED REVENUE GROWTH RATES

Applications cloud services and license support

11 %

10 %

6 %

9 %

7 %

5 %

6 %

Infrastructure cloud services and license support

15 %

14 %

13 %

12 %

14 %

13 %

17 %

15 %

Total cloud services and license support revenues

13 %

12 %

9 %

12 %

10 %

12 %

10 %

11 %

CONSTANT CURRENCY REVENUE GROWTH RATES (2)

Applications cloud services and license support

11 %

9 %

10 %

6 %

9 %

7 %

6 %

7 %

Infrastructure cloud services and license support

14 %

12 %

13 %

14 %

17 %

18 %

16 %

Total cloud services and license support revenues

12 %

11 %

10 %

11 %

12 %

GEOGRAPHIC REVENUES

Americas

$ 7,841

$ 8,067

$ 8,270

$ 8,945

$ 33,122

$ 8,372

$ 8,933

$ 9,000

$ 26,305

Europe/Middle East/Africa

3,005

3,170

3,316

3,539

13,030

3,228

3,381

3,421

10,029

Asia Pacific

1,607

1,704

1,694

1,803

6,809

1,707

1,745

1,709

5,162

Total revenues

$ 12,453

$ 12,941

$ 13,280

$ 14,287

$ 52,961

$ 13,307

$ 14,059

$ 14,130

$ 41,496

(1) The sum of the quarterly information presented may vary from the year-to-date information presented due to rounding.

(2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency
information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To
present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into
United States dollars at the exchange rates in effect on May 31, 2024 and 2023 for the fiscal 2025 and fiscal 2024 constant currency growth rate calculations
presented, respectively, rather than the actual exchange rates in effect during the respective periods.

APPENDIX A

ORACLE CORPORATION
Q3 FISCAL 2025 FINANCIAL RESULTS
EXPLANATION OF NON-GAAP MEASURES

To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude certain business combination accounting entries and expenses related to acquisitions, as well as other significant expenses including stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:

Stock-based compensation expenses: We have excluded the effect of stock-based compensation expenses from our non-GAAP operating expenses, income tax effects and net income measures. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to the revenues earned during the periods presented and also believe it will contribute to the generation of future period revenues, we continue to evaluate our business performance excluding stock-based compensation expenses. Stock-based compensation expenses will recur in future periods.Amortization of intangible assets: We have excluded the effect of amortization of intangible assets from our non-GAAP operating expenses, income tax effects and net income measures. Amortization of intangible assets is inconsistent in amount and frequency and is significantly affected by the timing and size of our acquisitions. Investors should note that the use of intangible assets contributed to our revenues earned during the periods presented and will contribute to our future period revenues as well. Amortization of intangible assets will recur in future periods.Acquisition related and other expenses; and restructuring expenses: We have excluded the effect of acquisition related and other expenses and the effect of restructuring expenses from our non-GAAP operating expenses, income tax effects and net income measures. We incurred expenses in connection with our acquisitions and also incurred certain other operating expenses or income, which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Acquisition related and other expenses consisted of personnel related costs for transitional and certain other employees, certain business combination adjustments including certain adjustments after the measurement period has ended, and certain other operating items, net. Restructuring expenses consisted of employee severance and other exit costs. We believe it is useful for investors to understand the effects of these items on our total operating expenses. Although acquisition related and other expenses and restructuring expenses may diminish over time with respect to past acquisitions and/or strategic initiatives, we generally will incur certain of these expenses in connection with any future acquisitions and/or strategic initiatives.

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SOURCE Oracle

Technology

ASUS Accelerates Enterprise AI at Scale with 6th-Gen AMD EPYC Server CPUs

Published

19 minutes ago

July 24, 2026

ASUS leverages 6th-gen AMD EPYC Server CPUs to deliver scalable, efficient compute for enterprise AI, cloud, virtualization and business-critical workloads

SAN FRANCISCO, July 24, 2026 /PRNewswire/ — ASUS today announced its groundbreaking new server lineup powered by the AMD EPYC™ 9006 processors, engineered to deliver unmatched performance for the most demanding intensive enterprise workloads. This advanced portfolio introduces two highly optimized series with efficiency-optimized AMD EPYC SP8 server CPU, the flagship dual-socket ASUS RS700A/720A for extreme compute density and the single-socket ASUS RS500A/520A for superior space efficiency and deployment flexibility.

Both series integrate full PCIe® 6.0, leading memory support, and high-density E3.S storage, all underpinned by proprietary ASUS innovations for superior thermal management and operational efficiency to meet and exceed the rigorous demands of enterprise AI, virtualization, storage and cloud environments.

“The new ASUS server series, powered by 6th-gen AMD EPYC server CPUs, is engineered to power every enterprise workload with flexible, scalable infrastructure,” Paul Ju, Senior Vice President of ASUS, commented, “This launch marks a significant milestone for ASUS and our clients. The new series empowers businesses with a resilient foundation to achieve unprecedented computing efficiency and accelerating AI innovation with inference.”

ASUS expands 6th-gen AMD EPYC server portfolio with dual optimized series

ASUS has introduced a new server lineup segmented into two distinct series, each precisely engineered to meet diverse enterprise demands.

The flagship RS700A/720A series (dual-socket) delivers extreme compute density, making it ideal for AI inferencing, and complex simulations. It offers exceptional bandwidth with PCIe 6.0, memory leadership via 32 DIMM slots supporting ultrafast MRDIMM, and high-density storage with up to 32 E3.S bays in a compact 2U form factor.

Complementing this is the RS500A/520A series (single-socket), a highly efficient and space-optimized solution with depth under 800mm, perfect for mainstream enterprise workloads and rack-constrained environments. Featuring full PCIe 6.0 capabilities, E3.S storage support, and modular scalability through shared components with the RS700A and RS720A series, it provides uncompromised performance in a streamlined, deployment-friendly design.

ASUS elevates the AMD EPYC platform with cutting-edge proprietary innovations

ASUS has significantly advanced the AMD EPYC 9006 platform with a series of proprietary engineering breakthroughs focused on superior reliability, thermal management, and operational efficiency.

The DC-MHS modular architecture features a zone-partitioned chassis that separates I/O, HPM, fan, and storage modules to accelerate development, reduce capital costs, and enable rapid serviceability. The patented ASUS DIMM.2 Innovation repositions M.2 storage to the cooler DIMM region, eliminating thermal throttling without extra heatsinks and unlocking greater scalability. Thermal Radar 3.0 with PID Control delivers precise real-time fan regulation via advanced algorithms, reducing energy use and maintaining peak performance under heavy enterprise-level workload.

Completing the suite is the optimized tool-less operational-velocity design, which boosts maintenance efficiency, maximizing uptime and lowering TCO and sustaining peak performance even under volatile, high-load AI/HPC workloads.

AVAILABILITY & PRICING

ASUS RS700A/720A series and RS500A/520A series servers will be available soon. Please contact your local ASUS representative for further information.

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Technology

Fractal posts 20% revenue growth and 92% net income growth in Q1 FY27

Published

19 minutes ago

July 24, 2026

Adjusted EBITDA Grows at 35% YoYGross Margin up 29 bps1 to 46%; Adjusted EBITDA Margin up 189 bps to 17%

NEW YORK, July 24, 2026 /PRNewswire/ — Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) announced its consolidated financial results for Q1 FY27, ending June 30, 2026.

In Q1 FY27, the Company reported consolidated operating revenue of INR 9,125 m, a growth of 20% year on year (YoY). Revenue growth was led by the company’s Healthcare and Life Sciences (HLS) industry, which clocked 69% growth YoY. Strong sustained growth in HLS over the last several quarters has resulted in it becoming the second largest industry in the portfolio. Banking, Financial Services and Insurance (BFSI) also performed very well, growing 36% YoY in Q1. Fractal’s largest industry, Consumer Packaged Goods and Retail (CPGR), continued to gather momentum, growing 19% YoY. On the other hand, TMT declined 22% YoY.

Fractal’s focus on deepening customer relationships continues to yield good outcomes. Its clients collectively increased their spending with the company, as reflected in the Net Revenue Retention2 of 117% in Q1. Further, its Net Promoter Score (NPS) during the period stood at 77.

The company reported improved profit margins at all levels. Gross Margin in Q1 was at 46%, while Adjusted EBITDA Margin expanded by 189 bps YoY to 17%. Net Income grew 92% YoY to INR 723 m.

Commenting on the performance, Srikanth Velamakanni, Group CEO and Executive Vice-Chairman, said:

“Enterprises are putting real transformation budgets behind AI now and we’re seeing it directly in the size of the deals coming to us. TMT was the drag on our headline growth this quarter. Excluding TMT, our business grew 35% year on year, which is a better read on the underlying demand we’re seeing.

As data sovereignty becomes a bigger priority for governments and enterprises, and as open-weight models keep improving, clients need a partner who can work across models and infrastructure. We have invested heavily in our people, our research, and our own intellectual property to be that partner.”

1 Basis points = 1/100th of 1%
2 Net Revenue Retention in our Fractal.ai segment measures how effectively we retain and expand revenue from our existing clients over a defined period and is calculated by comparing the current period’s revenue from the clients who existed at the start of the period, with their revenue in the previous period – including the effects of upsells, cross-sells and contractions

About Fractal

Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is a globally recognized pure-play enterprise AI company trusted by Fortune 500®-sized enterprises to power decision-making through AI services, solutions, and products, anchored by Cogentiq, its flagship agentic AI platform. With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.

Fractal invests more than 6% of its revenue in AI R&D, supporting foundational AI research, product development, and IP creation that address both immediate client needs and long-term technological advancement. Fractal’s track record includes developing proprietary models and products such as Cogentiq Health – Vaidya.ai and Cogentiq Data Science – PiEvolve, as well as incubating and spinning out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke (or critical health conditions). Fractal’s suite of businesses consists of Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).

For more information, go to www.fractal.ai.

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SOURCE Fractal Analytics Limited

Technology

Xryma Plc : Pre-Listing Liquidity Facility and Price Discovery Process

Published

19 minutes ago

July 24, 2026

NICOSIA, Cyprus, July 24, 2026 /PRNewswire/ — Xryma Plc (“Xryma”) announces its intention to reapply within the next twelve months for admission to list on Euronext Paris (“Euronext”), with such admission being subject to Euronext’s approval. Before submitting its application, Xryma intends to launch a pre-listing liquidity facility and price discovery process, comprising a private placement to institutional and qualified investors alongside a secondary market offer to Xryma existing shareholders (“shareholders”) wishing to exit prior to listing.

The admission referred to above that is subject to the approval of Euronext may also be subject to approval by relevant regulatory authorities, and no assurance can be given that approval will be granted or as to the timing of any admission.

The pre-listing liquidity facility and price discovery process is designed to:

Enable shareholders seeking an exit to participate without the need to open an EU brokerage account,Provide a clear and orderly opportunity for existing shareholders to sell all or part of their holdings ahead of any potential admission to trading on Euronext Paris,Enable shareholders to sell all or part of their holdings at the same price at which qualified and institutional investors subscribe for shares in the Company,Establish, through a bookbuild with qualified and institutional investors, a market-validated referenced price for Xryma shares ahead of any potential admission on Euronext Paris (the “Primary Market Placement Price”),Support orderly trading upon potential admission.

Individual shareholder mailouts explaining the details of the pre-listing liquidity facility scheme with instructions and necessary documentation will be conducted during August 2026.

As the Primary Market Placement Price is to be determined by the subsequent bookbuild, shareholders will be given the opportunity to set a floor price which will result in the sale of their shares if the Primary Market Placement Price is higher. Shareholders will receive the Primary Market Placement Price minus applicable fees.

Shareholders and Investors may be scaled back to match corresponding demand from the other party, with partial fulfilment a possibility if the Company cannot match supply to demand.

Completion of the process is subject to achieving a level of institutional and qualified investor demand that the Board considers appropriate to support an orderly market should Xryma subsequently be admitted to trading on Euronext Paris.

Participation is entirely voluntary. Shareholders who do not wish to sell will simply retain their shares. Shareholders that do not intend to participate should continue to onboard with a Euronext participating broker, or a Euroclear ESES custodian, per previous communications.

The major shareholders, SCP Select All Enterprise (Monaco) and SCP Red 5 Solutions (Monaco) will not participate in the offer and will be subject to lock up arrangements.

Mr Nikogiannis (John) Karantzis, CEO of Xryma Plc comments: “Our shareholders have told us they would value a straightforward way to realise their holdings without the time and cost of opening an EU brokerage account. This process is our response to that feedback. We are structuring the placement to be large enough to establish a credible reference price whilst limiting dilution, with demand directed first towards meeting shareholder sell interest. We look forward to updating the market on the revised timetable in due course.”

Shareholders seeking a more detailed explanation of the pre-listing liquidity facility and price discovery process, should refer to the guide available at https://www.xryma.com/investors

Important Information & Disclaimers

This press release may contain inside information within the meaning of Article 7(1) of Regulation (EU) 596/2014 (Market Abuse Regulation).

This publication is not for publication or distribution or release, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Australia, South Africa, Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this publication may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No action has been taken that would permit an offering of the treasury shares or possession or distribution of this publication in any jurisdiction where action for that purpose is required.

This publication does not constitute or form part of an offer for sale or solicitation of an offer to purchase or subscribe for securities in the United States, Canada, Australia, South Africa, Japan or any other jurisdiction and the securities referred to herein have not been registered under the securities laws of any such jurisdiction. Any New Shares (if such are issued) will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any State or any other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of, the Securities Act and in compliance with all applicable securities laws of any State or any other jurisdiction of the United States. No public offering of securities is being made in the United States or in any other jurisdiction.

The information set forth herein must not be distributed in any jurisdiction where such distribution is unlawful, and any recipients are requested to inform themselves about and to observe such restrictions.

The Offering referred to herein by Xryma Plc will only be made in accordance with all applicable corporate and securities laws. Any shares referred to herein will exclusively be offered or sold in reliance on any applicable exemptions from prospectus or registration requirements in any jurisdiction. In member states of the European Economic Area, this publication is only addressed to and directed at persons who are ‘qualified investors’ within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended and including any relevant delegated regulations, the “Prospectus Regulation”) or in any other circumstances falling within exemptions available in the relevant member state under Article 1(4) and/or 1(5) of the Prospectus Regulation. In the United Kingdom, this publication is only addressed to and directed at qualified investors within the meaning of the Prospectus Regulation, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”), who are persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) falling within article 49(2)(a) to (d) (high net worth companies, incorporated associations, etc.) of the Order, or (iii) to whom it may otherwise be lawfully communicated; any other persons in the United Kingdom should not take any action on the basis of this publication and should not act on or rely on it.

This publication does not constitute a recommendation concerning the prospective Offering. This announcement does not constitute an Offer or invitation to subscribe.

This announcement includes statements that are, or may be deemed to be, ‘forward looking statements’. These forward-looking statements can be identified by the use of forward looking terminology, including the terms ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, or ‘should’ or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their nature, forward looking statements involve risk and uncertainty because they relate to future events and circumstances which may or may not occur. Many of these factors are beyond the control of the Company. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results and circumstances may vary materially from those described in this announcement as anticipated, believed, estimated or expected.

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