A glowing earnings report? Read the balance sheet. Revenue growth year over year was 0%. Cash (including short term marketable securities, which are money market bonds) shrank by 29 BILLION in one year, and now there is only 37 billion left. The money was spent on stock buybacks (which caused the EPS to go up), restructuring (layoffs), and acquisitions. Net income was up due to lower income taxes. Even with growing revenue from acquisitions like Netsuite, there was no revenue growth. This is not sustainable, not even for one more year.
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True - Oracle burned $29 billion in cash in FY2019. With only $37 billion left, they can't keep doing major stock buybacks, so EPS will no longer grow as there is no revenue growth. (Stop with the "constant currency" shennanigans; currency fluctuations (Euro-USA) were minor this year. ) The net income went up because of a one-time tax rate reduction. Revenue will continue to decline as large customers are moving off the Oracle database (Amazon, Salesforce, etc.) and everybody using the Oracle database for SAP is starting to move off of it as SAP is requiring it.
Now they are using foreign exchange rates as an excuse for lack of revenue growth. Has any other big tech company used that as an excuse before, ever? It’s laughable. Maybe they should report earnings in Venezualan bolivars next time, and claim one million percent growth.
Running out of runway and no liftoff - crash!
1% YoY growth. We didn't even keep up with inflation?!
Constant currency. Why don't I see Amazon or MS making excuses like that? Amazon's non-U.S. cloud revenue dwarfs ours, but they seem to have no trouble growing it. I'm getting really sick of hearing "If we lived on a different planet where money worked differently, we would have earned more." Unfortunately for Oracle, we all live here on Earth, not some fictional world where money works differently. Here on Earth, our revenue is more or less flat while our competitors continue to leave us in the dust.
4% increase in revenue, dollar for dollar, euro for euro
Rev was up, not flat
OP, revenue rose 1% annually, not bad...
If foreign currency changes are disregarded, revenue grew 4% on a constant currency basis.
Only $37 billion left. They spent $36 billion on stock buybacks last year. It's almost over with. The ship is going down. One more year at most left.