Technology
Oracle Announces Fiscal 2025 Third Quarter Financial Results
Published
1 year agoon
By
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
% Increase
(Decrease)
February 28,
2025
% of
February 29,
2024
% of
(Decrease)
in Constant
Revenues
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 %
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 %
3 %
5 %
Amortization of intangible assets
548
4 %
749
6 %
(27 %)
(27 %)
Acquisition related and other
28
0 %
155
1 %
(82 %)
(82 %)
Restructuring
63
1 %
90
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 %
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 28,
2025
February 29,
2024
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 %
6 %
8 %
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 %
*
14 %
*
Amortization of intangible assets (4)
548
(548)
–
749
(749)
–
(27 %)
*
(27 %)
*
Acquisition related and other
28
(28)
–
155
(155)
–
(82 %)
*
(82 %)
*
Restructuring
63
(63)
–
90
(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 %
2 %
2 %
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)
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.
(3)
Stock-based compensation was included in the following GAAP operating expense categories:
Three Months Ended
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
(8)
–
6
(6)
–
Services
54
(54)
–
45
(45)
–
Sales and marketing
200
(200)
–
179
(179)
–
Research and development
675
(675)
–
584
(584)
–
General and administrative
101
(101)
–
96
(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
% Increase
(Decrease)
February 28,
2025
% of
February 29,
2024
% of
(Decrease)
in Constant
Revenues
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 %)
(6 %)
Sales and marketing
6,345
15 %
6,161
16 %
3 %
4 %
Research and development
7,206
18 %
6,689
17 %
8 %
8 %
General and administrative
1,135
3 %
1,146
3 %
(1 %)
0 %
Amortization of intangible assets
1,763
4 %
2,267
6 %
(22 %)
(22 %)
Acquisition related and other
72
0 %
214
0 %
(66 %)
(66 %)
Restructuring
220
1 %
311
1 %
(29 %)
(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 %)
(1 %)
Non-operating income (expenses), net
39
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 28,
2025
February 29,
2024
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 %
7 %
8 %
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 %
*
15 %
*
Amortization of intangible assets (4)
1,763
(1,763)
–
2,267
(2,267)
–
(22 %)
*
(22 %)
*
Acquisition related and other
72
(72)
–
214
(214)
–
(66 %)
*
(66 %)
*
Restructuring
220
(220)
–
311
(311)
–
(29 %)
*
(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 %
2 %
2 %
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)
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.
(3)
Stock-based compensation was included in the following GAAP operating expense categories:
Nine Months Ended
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
(21)
–
17
(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
35
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)
34
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
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
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
Q1
Q2
Q3
Q4
TOTAL
Q1
Q2
Q3
Q4
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 %
25 %
20 %
25 %
21 %
24 %
23 %
23 %
License support
2 %
2 %
1 %
0 %
1 %
0 %
0 %
(2 %)
(1 %)
Cloud services and license support
13 %
12 %
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 %
24 %
20 %
24 %
22 %
24 %
25 %
24 %
License support
0 %
0 %
1 %
1 %
0 %
0 %
0 %
0 %
0 %
Cloud services and license support
12 %
11 %
11 %
10 %
11 %
11 %
12 %
12 %
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 %)
(5 %)
Services
1 %
(3 %)
(5 %)
(6 %)
(3 %)
(8 %)
(3 %)
1 %
(3 %)
Total revenues
8 %
4 %
7 %
4 %
6 %
8 %
9 %
8 %
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 %
10 %
6 %
9 %
7 %
7 %
5 %
6 %
Infrastructure cloud services and license support
15 %
14 %
13 %
12 %
14 %
13 %
17 %
15 %
15 %
Total cloud services and license support revenues
13 %
12 %
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 %
7 %
6 %
7 %
Infrastructure cloud services and license support
14 %
12 %
13 %
13 %
13 %
14 %
17 %
18 %
16 %
Total cloud services and license support revenues
12 %
11 %
11 %
10 %
11 %
11 %
12 %
12 %
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/oracle-announces-fiscal-2025-third-quarter-financial-results-302397429.html
SOURCE Oracle
You may like
DUBAI, UAE, April 22, 2026 /PRNewswire/ — Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today published its 2025 Environmental, Social and Governance (ESG) Report. The report outlines the Company’s 2025 ESG performance and future strategy across five key pillars: responsible governance, environmental stewardship, trust, people, and community engagement, underscoring its enduring commitment to sustainable development.
Tao Yang, Founder, Chairman, and CEO of Yalla, stated, “In 2025, we made tangible progress across our ESG priorities. We expanded our use of renewable energy, integrated energy-efficient technologies and deepened AI applications across daily operations, advancing toward our carbon neutrality goal while strengthening business performance. We also invested in building a more diverse and inclusive workplace where our people can thrive and deliver their best, supporting our sustainable growth. True to our mission of connecting our users and enriching lives across the MENA region through our social and gaming ecosystem, we will continue to innovate with purpose, leading responsibly to create positive, enduring impact and lasting value for all stakeholders.”
Mr. Saifi Ismail, President of Yalla, added, “Our fifth annual ESG report highlights our dedication to promoting sustainability, innovation, and responsible growth. Cultural respect and community engagement remain central to how we operate, enabling us to foster a sense of belonging in our digital entertainment community across the MENA region. This year, we also strengthened our cybersecurity infrastructure, building greater user trust in our platforms. Looking ahead, we will continue to invest in ESG initiatives and leverage advanced technologies to cultivate a safe, engaging and innovative digital ecosystem, driving progress toward a more sustainable future.”
For more information on the Company’s ESG initiatives and to access the complete ESG report in English and Arabic, please visit the ESG section of the Company’s investor relations website at https://ir.yalla.com/esg.
About Yalla Group Limited
Yalla Group Limited is the largest MENA-based online social networking and gaming company, in terms of revenues in 2022. The Company operates two flagship mobile applications, Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application featuring online versions of board games, popular in MENA, with in-game voice chat and localized Majlis functionality. Building on the success of Yalla and Yalla Ludo, the Company continues to add engaging new content, creating a regionally-focused, integrated ecosystem dedicated to fulfilling MENA users’ evolving online social networking and gaming needs. Through its holding subsidiary, Yalla Game Limited, the Company has expanded its capabilities in mid-core and hard-core games in the MENA region, leveraging its local expertise to bring innovative gaming content to its users. In addition, the growing Yalla ecosystem includes YallaChat, an IM product tailored for Arabic users, WeMuslim, a product that supports Arabic users in observing their customs, and casual games such as Yalla Baloot and 101 Okey Yalla, developed to sustain vibrant local gaming communities in MENA. Yalla is also actively exploring outside of MENA with Yalla Parchis, a Ludo game designed for the South American markets. Yalla’s mobile applications deliver a seamless experience that fosters a sense of loyalty and belonging, establishing highly devoted and engaged user communities through close attention to detail and localized appeal that profoundly resonates with users.
For more information, please visit: https://ir.yalla.com.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Statements that are not historical facts, including statements about Yalla Group Limited’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Yalla Group Limited’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Yalla Group Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Yalla Group Limited
Investor Relations
Kerry Gao – IR Director
Tel: +86-571-8980-7962
Email: ir@yalla.com
Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
Email: yalla@tpg-ir.com
In the United States:
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: yalla@tpg-ir.com
View original content:https://www.prnewswire.com/news-releases/yalla-group-releases-2025-esg-report-302750991.html
SOURCE Yalla Group Limited
Technology
Citizens Bank Data Breach: Edelson Lechtzin LLP Launches Investigation Into Exposure of Personal Information
Published
18 minutes agoon
April 23, 2026By
National class action firm offering free case evaluations to individuals impacted by the Citizens Bank cybersecurity incident
NEWTOWN, Pa., April 22, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from the Citizens Bank, N.A. data breach. Citizens Bank appeared on the Everest gang’s dark web ransomware leak site on or about April 20, 2026.
What Happened
On or about April 20, 2026, samples of sensitive financial data from Texas-based Frost Bank and Citizens Financial Group showed up on Everest’s dark web site. The Everest gang has reportedly given the banks six days before it publicly releases the stolen data. This is a common tactic used by hackers to extort large payments. The Everest gang claims to have approximately 3.4 million records belonging to Citizens Bank
Information Exposed
Affected personal data includes names, home addresses, and account numbers.
Who May Be Impacted
Individuals who received a data breach notification from Citizens Bank may face an increased risk of identity theft and fraud.
Your Legal Options
Edelson Lechtzin LLP is investigating a potential class action to pursue legal remedies on behalf of individuals whose sensitive personal data may have been compromised in the Citizens Bank breach. The firm will evaluate your rights and potential claims at no cost.
Recommended Protective Steps
Review account statements and credit reports regularly and remain vigilant for suspicious activity. Confirm whether your information was involved in the Citizens Bank incident and preserve any letters or emails you received about the breach. Consider placing fraud alerts and credit monitoring.
Contact Us for a Free Case Evaluation
Speak confidentially with a data privacy attorney today: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492 ext. 2; Email: medelson@edelson-law.com; Web: www.edelson-law.com. Or click HERE to request a free consultation.
About Citizens Bank
Citizens Financial Group, Inc. is an American bank holding company headquartered in Providence, Rhode Island. The company owns the bank Citizens Bank, N.A., which operates in Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Virginia, as well as Washington, DC.
About Edelson Lechtzin LLP
Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. In addition to data breach litigation, the firm handles class and collective actions involving securities and investment fraud, federal antitrust violations, ERISA employee benefit plans, wage theft, and consumer fraud
Media and Partnership Inquiries: Use the contact information above to connect with our team regarding interviews, co-counsel opportunities, and referral partnerships.
Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions.
View original content to download multimedia:https://www.prnewswire.com/news-releases/citizens-bank-data-breach-edelson-lechtzin-llp-launches-investigation-into-exposure-of-personal-information-302751088.html
SOURCE Edelson Lechtzin LLP
Technology
Registration for the 2026 National Summit in San Diego, CA is Officially Open!
Published
18 minutes agoon
April 23, 2026By
Leading independent technology distributor Sandler Partners opens registration for their 3-day National Summit, an event dedicated to helping empower Partners to grow their business.
REDONDO BEACH, Calif., April 22, 2026 /PRNewswire/ — Sandler Partners announces that registration is now open for the 2026 Sandler Partners National Summit, taking place October 26–29 at the Hilton San Diego Bayfront in San Diego, CA.
The National Summit is the largest event of the year for the Sandler Partners community—bringing together 600+ Partners, Sandler leadership, and 75+ Providers for three days of insight, collaboration, and opportunity. The event is designed to equip attendees with the knowledge, connections, and strategies needed to navigate a rapidly evolving technology landscape and drive business growth.
Partners, potential Partners, and sponsoring technology Providers can register today by clicking HERE.
“I had the opportunity to connect with the Sandler team, delve into the latest technologies and Partner programs, and build relationships that will help expand the services we deliver to our clients,” states a West Coast Partner and 2025 attendee. “I’m coming back inspired and ready to put some of these new partnerships and ideas into action.”
Shaped by Partner feedback, the Summit focuses on what matters most—delivering practical insights, relevant education, and meaningful connections. Attendees will engage in Growth, Sales, and Technology sessions, explore emerging solutions, and collaborate with peers to exchange ideas, discover new approaches, and strengthen relationships across the community.
TECHNOLOGY PROVIDERS, PLEASE NOTE: Only sponsoring Providers are allowed to attend this event. Those interested in participating as a sponsor can learn more by contacting Tina S. Dyksterhouse, Vice President of Marketing at Tina@SandlerPartners.com.
About Sandler Partners and Their Community Approach
Sandler Partners helps empower their network of leading independent Sales Partners to bring organizations around the world a comprehensive range of technology solutions, including Cybersecurity, Artificial Intelligence (AI), Connectivity, Cloud, Colocation, Mobility, Internet of Things, and Continuity. Their community focus helps support Partners to identify solutions swiftly and unbiasedly from a diverse Provider portfolio of 250+ suppliers. Partner sales agents, VARs, and MSPs gain access to a robust support network, Sales Engineering expertise, marketing resources, and powerful sales tools like SCOUT, Solutions Finder, Scout for Solutions, and the Marketing Center within the Sandler Portal. This helps give their Partners what they need to do what they do best – deliver quality, value, performance, features, unparalleled expertise, and service to their clients. Members of the Sandler Partner community can rely on the industry’s strongest negotiated agreements and a team dedicated to ensuring all their commissions are found, tracked, and paid.
View original content to download multimedia:https://www.prnewswire.com/news-releases/registration-for-the-2026-national-summit-in-san-diego-ca-is-officially-open-302749840.html
SOURCE Sandler Partners
Yalla Group Releases 2025 ESG Report
Citizens Bank Data Breach: Edelson Lechtzin LLP Launches Investigation Into Exposure of Personal Information
Registration for the 2026 National Summit in San Diego, CA is Officially Open!
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
Send Rakhi to UK swiftly with UK Gifts Portal
New Gooseneck Omni Antennas Offer Enhanced Signals in a Durable Package
Why You Should Build on #NEAR – Co-founder Illia Polosukhin at CV Labs
Whiteboard Series with NEAR | Ep: 45 Joel Thorstensson from ceramic.network
NEAR End of Year Town Hall 2021: The Open Web World, MetaBUILD 2 Hackathon and 2021 recap
Trending
-
Technology4 days agoHarmonic Enables DIRECTV to Reimagine Nationwide DTH Service
-
Coin Market4 days agoBitcoin mining difficulty falls, but projected to rise in next adjustment
-
Coin Market3 days agoCloud hosting firm Vercel confirms ‘limited’ hack of user info
-
Technology3 days agoThe Plumbing Sales Coach expands offerings with new Blueprint training program
-
Technology4 days agoTCL Solar: Powering Pakistan with advanced solar module innovation
-
Technology4 days agoTCL Solar: Powering Pakistan with advanced solar module innovation
-
Coin Market5 days agoCircle unveils USDC Bridge for native cross-chain stablecoin transfers
-
Technology4 days agoTelevision New Zealand Partners with Quickplay to Fully Transform Their OTT Platform, Evolving the Broadcaster into a World-Class Digital Platform
