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%. “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. Oracle launched Oracle Database 21c with more than 200 new features that reinforce the strength of Oracle’s converged database strategy. A more complete list of customers which purchased Oracle Cloud services during the quarter will be available at oracle.com/customers/earningsOracle will hold a conference call and webcast today to discuss these results at 4:00 p.m. Central.

Source: The Nation March 11, 2021 14:03 UTC