Earnings release
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Contact : ● Ken Bond Oracle Investor Relations 1.650.607.0349 ken.bond@oracle.com ORACLE Deborah Hellinger Oracle Corporate Communications 1.212.508.7935 deborah.hellinger@oracle.com Oracle Announces Fiscal 2021 Third Quarter Financial Results Q3 FY2021 GAAP EPS up 113 % to $ 1.68 , Non - GAAP EPS up 20 % to $ 1.16 Oracle Gen2 Cloud Infrastructure , including Autonomous Database revenue up over 100 % Fusion Cloud ERP revenue up 30 % , NetSuite Cloud ERP revenue up 24 % AUSTIN , Texas , March 10 , 2021 -- Oracle Corporation ( NYSE : ORCL ) today announced fiscal 2021 Q3 results . Total quarterly revenues were up 3 % year - over - year to $ 10.1 billion . Cloud services and license support revenues were up 5 % to $ 7.3 billion . Cloud license and on - premise license revenues were up 4 % to $ 1.3 billion . Q3 GAAP operating income was up 10 % to $ 3.9 billion and GAAP operating margin was 38 % . Non - GAAP operating income was up 10 % to $ 4.8 billion and non - GAAP operating margin was 47 % . GAAP net income was up 95 % to $ 5.0 billion , and GAAP earnings per share was up 113 % to $ 1.68 . The GAAP income statement was impacted by a one - time net tax benefit totaling $ 2.3 billion related to the transfer of certain assets between subsidiaries . Non - GAAP net income was up 10 % to $ 3.5 billion , and non - GAAP earnings per share was up 20 % to $ 1.16 . Short - term deferred revenues were $ 8.1 billion . Operating cash flow was $ 14.7 billion during the trailing twelve months . " We continued to extend our huge lead in the cloud ERP market as Fusion ERP grew 30 % and NetSuite ERP grew 24 % in Q3 , " said Oracle CEO , Safra Catz . " Oracle's rapidly growing highly profitable , multi - billion dollar cloud ERP businesses helped drive subscription revenue up 5 % and operating income up 10 % in the quarter . Subscription revenue now accounts for 72 % of Oracle's total revenues , and this highly - predictable recurring revenue - stream along with expense discipline are enabling double - digit increases in non - GAAP earnings per share . "