Oracle diluted EPS declines 7.5% to $0.99 in its Q4
Oracle’s diluted earnings per share (EPS) were $0.99 in its fourth quarter, declining 7.5% year on year. Net income in the three months ended May 31 came in at $3.1 billion, declining from $3.7 billion a year ago. Meanwhile, revenues in the final quarter of fiscal 2020 fell by 6% from the same quarter in the previous year to $10.4 billion.
The company’s full-year revenues declined by 1% to $39.1 billion. In the year ended May 31, net income came in at $10.1 billion as it fell 9% year on year. However, diluted EPS for the entire fiscal 2020 was $3.08, increasing from $2.97 in the fiscal 2019.
“Our overall business did remarkably well considering the pandemic, but our results would have been even better except for customers in the hardest-hit industries that we serve such as hospitality, retail, and transportation postponing some of their purchases,” CEO Safra Catz said.
Oracle shares fell 3.7% in afterhours trading.
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