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Contact:Ken BondOracle Investor Relations1.650.607.0349ken.bond@oracle.comDeborah HellingerOracle Corporate le.comOracle Announces Fiscal 2022 Fourth Quarter and Fiscal Full Year Financial Results Q4 GAAP Earnings per Share 1.16, Non-GAAP Earnings per Share 1.54Total Q4 Revenue 11.8 billion, up 5% in USD, up 10% in constant currencyTotal Q4 Cloud Revenue (IaaS plus SaaS) 2.9 billion, up 19% in USD, up 22% in constant currencyInfrastructure Cloud Revenue (IaaS) up 36% in USD, up 39% in constant currencyFusion ERP Cloud Revenue (SaaS) up 20% in USD, up 23% in constant currencyNetSuite ERP Cloud Revenue (SaaS) up 27% in USD, up 30% in constant currencyAUSTIN, Texas, June 13, 2022 -- Oracle Corporation (NYSE: ORCL) today announced fiscal2022 Q4 results. Total quarterly revenues were up 5% year-over-year in USD and up 10% inconstant currency to 11.8 billion. Cloud services and license support revenues were up 3% in USDand up 7% in constant currency to 7.6 billion. Cloud license and on-premise license revenues wereup 18% in USD and up 25% in constant currency to 2.5 billion.Q4 GAAP operating income was 4.5 billion, down 1% in USD and up 6% in constantcurrency. Non-GAAP operating income was 5.6 billion, up 3% in USD and up 8% in constantcurrency. GAAP operating margin was 38%, and non-GAAP operating margin was 47%. GAAP netincome was 3.2 billion, and non-GAAP net income was 4.2 billion. Q4 GAAP earnings per sharewas 1.16 while non-GAAP earnings per share was 1.54.Short-term deferred revenues were 8.4 billion. Operating cash flow was 9.5 billion duringthe trailing twelve months.Fiscal year 2022 total revenues were up 5% in USD and up 7% in constant currency to 42.4billion. Cloud services and license support revenues were up 5% in USD and 6% in constantcurrency to 30.2 billion. Cloud license and on-premise license revenues were up 9% in USD and12% in constant currency to 5.9 billion.Fiscal year 2022 GAAP operating income was 10.9 billion, and GAAP operating margin was26%. Non-GAAP operating income was 19.6 billion, and non-GAAP operating margin was 46%.
GAAP net income was 6.7 billion, while non-GAAP net income was 13.7 billion. GAAP earningsper share was 2.41, while non-GAAP earnings per share was 4.90.“We continued to improve our top line results again this quarter with total revenue growing10% in constant currency,” said Oracle CEO, Safra Catz. “These consistent increases in our quarterlyrevenue growth rate typically have been driven by our market leading Fusion and NetSuite cloudapplications. But this Q4, we also experienced a major increase in demand in our infrastructurecloud business—which grew 39% in constant currency. We believe that this revenue growth spikeindicates that our infrastructure business has now entered a hyper-growth phase. Couple a highgrowth rate in our cloud infrastructure business with the newly acquired Cerner applicationsbusiness—and Oracle finds itself in position to deliver stellar revenue growth over the next severalquarters.”“Cerner and Oracle together have all the technologies required to provide healthcareprofessionals with better information—and better information will fundamentally transformhealthcare,” said Oracle Chairman and CTO, Larry Ellison. “Better information will lead to betterpatient outcomes, better public health policy, lower overall healthcare costs, and a better quality oflife—not just in rich countries—but throughout the world. During the pandemic, an award-winningOracle cloud system called v-safeSM collected over 150 million patient records in the United States.An Oracle cloud system also managed vaccine programs in Ghana, Tasmania and dozens of otherstates and countries. We partnered with the University of Oxford to develop and deploy the GlobalPathogen Analysis System (GPAS) that identified variants of the COVID-19 virus wherever andwhenever they first appeared. A few weeks ago, we turned on a system to help researchers study apromising new HIV vaccine. There are so many opportunities to use information technology toimprove healthcare and save lives. We made a good beginning during the pandemic—and we fullycomprehend the importance of what remains to be done.”The board of directors declared a quarterly cash dividend of 0.32 per share of outstandingcommon stock. This dividend will be paid to stockholders of record as of the close of business onJuly 12, 2022, with a payment date of July 26, 2022. A sample list of customers which purchased Oracle Cloud services during the quarterwill be available at www.oracle.com/customers/earnings/.
A list of recent technical innovations and announcements is available atwww.oracle.com/news/. To learn what industry analysts have been saying about Oracle’s products and servicessee ings Conference Call and WebcastOracle will hold a conference call and webcast today to discuss these results at 4:00 p.m. Central. Alive and replay webcast will be available on the Oracle Investor Relations website atwww.oracle.com/investor/.About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the OracleCloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.# # #TrademarksOracle, Java, and MySQL are registered trademarks of Oracle Corporation."Safe Harbor" Statement: Statements in this press release relating to Oracle's future plans,expectations, beliefs, intentions and prospects, including statements regarding future revenuegrowth, the impact of the Cerner acquisition and our plans to manage a promising new HIV vaccine,are "forward-looking statements" and are subject to material risks and uncertainties. Many factorscould affect our current expectations and our actual results, and could cause actual results to differmaterially. We presently consider the following to be among the important factors that could causeactual results to differ materially from expectations: (1) Our success depends upon our ability todevelop new products and services, integrate acquired products and services and enhance ourexisting products and services. (2) Our cloud strategy, including our Oracle Cloud Software-as-aService and Oracle Cloud Infrastructure offerings, may adversely affect our revenues andprofitability. (3) We might experience significant coding, manufacturing or configuration errors inour cloud, license and hardware offerings. (4) Acquisitions present many risks and we may notachieve the financial and strategic goals that were contemplated at the time of the transaction. (5)The COVID-19 pandemic has affected how we and our customers are operating our respectivebusinesses, and the duration and extent to which this will impact our future results of operationsremains uncertain. (6) If our security measures for our products and services are compromised andas a result, our data, our customers' data or our IT systems are accessed improperly, madeunavailable, or improperly modified, our products and services may be perceived as vulnerable, ourbrand and reputation could be damaged, the IT services we provide to our customers could bedisrupted, and customers may stop using our products and services, any of which could reduce our
revenue and earnings, increase our expenses and expose us to legal claims and regulatory actions.(7) Our business practices with respect to data could give rise to operational interruption, liabilitiesor reputational harm as a result of governmental regulation, legal requirements or industrystandards relating to privacy and data protection. (8) Economic, political and market conditions canadversely affect our business, results of operations and financial condition, including our revenuegrowth and profitability, which in turn could adversely affect our stock price. (9) If we are unable tocompete effectively, the results of operations and prospects for our business could be harmed. (10)Our international sales and operations subject us to additional risks that can adversely affect ouroperating results. (11) We are susceptible to third-party manufacturing and logistics delays, whichcould result in the loss of sales and customers. A detailed discussion of these factors and other risksthat affect our business is contained in our SEC filings, including our most recent reports on Form10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings areavailable online from the SEC or by contacting Oracle's Investor Relations Department at (650) 5064073 or by clicking on SEC Filings on the Oracle Investor Relations website atwww.oracle.com/investor/. All information set forth in this press release is current as of June 13,2022. Oracle undertakes no duty to update any statement in light of new information or futureevents.
ORACLE CORPORATIONQ4 FISCAL 2022 FINANCIAL RESULTSCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS( in millions, except per share data)2022REVENUESCloud services and license supportCloud license and on-premise licenseHardwareServicesTotal revenues % ofRevenues% Increase(Decrease)in US % Increase(Decrease)in ConstantCurrency 5%7%25%2%7%10%Three Months Ended May 31,% OPERATING EXPENSESCloud services and license supportHardwareServicesSales and marketingResearch and developmentGeneral and administrativeAmortization of intangible assetsAcquisition related and otherRestructuringTotal operating 2%)7%10%21%6%13%11%16%21%(21%)(82%)7%12%OPERATING INCOMEInterest expenseNon-operating (expenses) income, %(1%)1%*6%1%*INCOME BEFORE INCOME TAXESProvision for income %)280%27% 4,03336%(21%)(14%) 1.421.37NET INCOME 3,189EARNINGS PER SHARE:BasicDiluted 1.201.16WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:BasicDiluted2,6672,742 2,8472,943(1) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currencyinformation 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 areconverted into United States dollars at the exchange rates in effect on May 31, 2021, which was the last day of our prior fiscal year, rather than theactual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the threemonths ended May 31, 2022 compared with the corresponding prior year period decreased our total revenues by 5 percentage points, total operatingexpenses by 2 percentage points and operating income by 7 percentage points.* Not meaningful1
ORACLE CORPORATIONQ4 FISCAL 2022 FINANCIAL RESULTSRECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)( in millions, except per share data)2022GAAPAdj.TOTAL REVENUES 11,840 TOTAL OPERATING EXPENSESStock-based compensation (3)Amortization of intangible assets (4)Acquisition related and otherRestructuring 7,3377132686100OPERATING INCOME 4,503OPERATING MARGIN %- NET INCOME 3,189DILUTED EARNINGS PER SHARE 1.16DILUTED WEIGHTED AVERAGE COMMON SHARES n-GAAP- )(82%)7%11%**** 11,840 11,227 (1,087)(713)(268)(6)(100) 6,250- 6,6864423423094 (908)(442)(342)(30)(94) 5,778- 5,590 4,541 908 5,4491,08738%INCOME TAX EFFECTS (5)% Increase (Decrease) % Increase (Decrease) inin US Constant Currency (2)Three Months Ended May 31,20222021Non-GAAPGAAP47% 2,742(41)1,046 (476)40% (124) 4,235 4,033 1.54 1.37-2,7422,94349%3%6%8%(132) bp.(150) bp.(73) bp. (417) 251%(12%)280%(6%) 491 4,524(21%)(6%)(14%)0% 42) bp.(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 ourconsolidated 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, theusefulness 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 ourunderlying 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 thanUnited States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2021, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during therespective periods.(3) Stock-based compensation was included in the following GAAP operating expense categories:Cloud services and license supportHardwareServicesSales and marketingResearch and developmentGeneral and administrativeTotal stock-based compensationThree Months EndedMay 31, 2022Adj.Non-GAAP (60) (4)(18)(120)(445)(66) (713) -GAAP 6041812044566 713Three Months EndedMay 31, 2021Adj.Non-GAAP (35) (3)(14)(80)(291)(19) (442) -GAAP 353148029119 442(4) Estimated future annual amortization expense related to intangible assets as of May 31, 2022 was as follows:Fiscal 2023Fiscal 2024Fiscal 2025Fiscal 2026Fiscal 2027ThereafterTotal intangible assets, net 75050814824641,440(5) Income tax effects were calculated reflecting an effective GAAP tax rate of 12.0% and 3.0% in the fourth quarter of fiscal 2022 and 2021, respectively, and an effective non-GAAP tax rate of 10.1% and 10.7% in thefourth quarter of fiscal 2022 and 2021, respectively. The difference in our GAAP and non-GAAP tax rates in each of the fourth quarter of fiscal 2022 and 2021 was primarily due to the net tax effects related to stockbased compensation expense and acquisition related and other items, including the tax effects on amortization of intangible assets, partially offset by the net deferred tax effects related to an income tax benefit thatwas previously recorded due to the partial realignment of our legal entity structure.* Not meaningful2
ORACLE CORPORATIONFISCAL 2022 YEAR TO DATE FINANCIAL RESULTSCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS( in millions, except per share data)2022REVENUESCloud services and license supportCloud license and on-premise licenseHardwareServicesTotal revenues % ofRevenues% Increase(Decrease)in US % Increase(Decrease)in ConstantCurrency %)6%5%6%12%(3%)8%7%Year Ended May 31,% %100%OPERATING EXPENSESCloud services and license supportHardwareServicesSales and marketingResearch and developmentGeneral and administrativeAmortization of intangible assetsAcquisition related and other (2)RestructuringTotal operating %)26%OPERATING INCOMEInterest expenseNon-operating (expenses) income, 732%2%(41%)*(37%)*16% 13,74634%(51%)(48%) 4.674.55INCOME BEFORE INCOME TAXES(Provision for) benefit from income taxesNET INCOME 6,717EARNINGS PER SHARE:BasicDiluted 2.492.41WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:BasicDiluted2,7002,786 2,9453,022(1) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currencyinformation to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. Topresent this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are convertedinto United States dollars at the exchange rates in effect on May 31, 2021, which was the last day of our prior fiscal year, rather than the actual exchangerates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the year ended May 31, 2022compared with the corresponding prior year period decreased our total revenues by 2 percentage points, total operating expenses by 1 percentage pointand operating income by 3 percentage points.(2) Acquisition related and other for fiscal 2022 included the impact of litigation related charges totaling 4.7 billion.* Not meaningful3
ORACLE CORPORATIONFISCAL 2022 YEAR TO DATE FINANCIAL RESULTSRECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)( in millions, except per share data)2022GAAPAdj.TOTAL ensesupportsupportrevenues 42,44030,174 TOTAL OPERATING EXPENSESStock-based compensation (3)Amortization of intangible assets (4)Acquisition related and otherRestructuring 31,5142,6131,1504,713191OPERATING INCOME 10,926OPERATING MARGIN %- NET INCOME DILUTED EARNINGS PER SHARE DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING(932)6,717Adj.GAAPNon-GAAPGAAPNon-GAAP )8%**** 40,47928,700 (8,667)(2,613)(1,150)(4,713)(191) 22,847- 25,2661,8371,379138431 (3,785)(1,837)(1,379)(138)(431) 21,481-25%42%(17%)*(56%) 19,593 15,213 19,000(28%)3%(25%)5%46%38%*(77) bp.*(51) bp.8,667 (1,723) (2,655) 13,661 13,746 6,9442.412,786-4.902,786747222021Non-GAAP 42,44030,17426%INCOME TAX EFFECTS (5)% Increase (Decrease) % Increase (Decrease) inin US Constant Currency (2)Year Ended May 31,20222021Non-GAAPGAAP3,78747% (3,408) (2,661)*0%*2% 14,125(51%)(3%)(48%)(1%) 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 withour 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 ourunderlying 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 thanUnited States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2021, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect duringthe respective periods.(3) Stock-based compensation was included in the following GAAP operating expense categories:Cloud services and license supportHardwareServicesSales and marketingResearch and developmentGeneral and administrativeTotal stock-based compensationGAAP20515674481,633245 2,613 Year EndedMay 31, 2022Adj. (205)(15)(67)(448)(1,633)(245) (2,613)Non-GAAP -GAAP13411553131,188136 1,837 Year EndedMay 31, 2021Adj. (134)(11)(55)(313)(1,188)(136) (1,837)Non-GAAP -(4) Estimated future annual amortization expense related to intangible assets as of May 31, 2022 was as follows:Fiscal 2023Fiscal 2024Fiscal 2025Fiscal 2026Fiscal 2027ThereafterTotal intangible assets, net 75050814824641,440(5) Income tax effects were calculated reflecting an effective GAAP tax rate of 12.2% and (5.7%) in fiscal 2022 and 2021, respectively, and an effective non-GAAP tax rate of 16.3% and 15.9% in fiscal 2022 and 2021,respectively. The difference in our GAAP and non-GAAP tax rates for fiscal 2022 was primarily due to the net tax effects related to stock-based compensation expense, acquisition related and other items, includingthe net tax effects for litigation related charges (refer to Appendix A for additional information), and the tax effects on amortization of intangible assets, partially offset by the net deferred tax effects related to anincome tax benefit that was recorded in fiscal 2021 due to the partial realignment of our legal entity structure. The difference in our GAAP and non-GAAP tax rates for fiscal 2021 was primarily due to a net taxbenefit of 2.3 billion related to the partial realignment of our legal entity structure (refer to Appendix A for additional information), the net tax effects on stock-based compensation expense, and the net taxeffects related to acquisition related and other items, including the net tax effects on amortization of intangible assets.* Not meaningful4
ORACLE CORPORATIONFISCAL 2022 FINANCIAL RESULTSCONDENSED CONSOLIDATED BALANCE SHEETS( in millions)May 31,2022May 31,2021ASSETSCurrent Assets:Cash and cash equivalentsMarketable securitiesTrade receivables, netPrepaid expenses and other current assets Total Current AssetsNon-Current Assets:Property, plant and equipment, netIntangible assets, netGoodwill, netDeferred tax assetsOther non-current assetsTotal Non-Current Assets21,3835195,9533,778 3,93513,6368,49077,664TOTAL ASSETS30,09816,4565,4093,60475,540 109,297 131,107 3,7491,3171,9448,3574,14419,511 8,2507452,0178,7754,37724,164LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITYCurrent Liabilities:Notes payable, currentAccounts payableAccrued compensation and related benefitsDeferred revenuesOther current liabilitiesTotal Current LiabilitiesNon-Current Liabilities:Notes payable and other borrowings, non-currentIncome taxes payableDeferred tax liabilitiesOther non-current liabilitiesTotal Non-Current 57,8644,787100,991Stockholders’ (Deficit) Equity(5,768)5,952TOTAL LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY 5109,297 131,107
ORACLE CORPORATIONFISCAL 2022 FINANCIAL RESULTSCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS( in millions)Year Ended May 31,20222021Cash Flows From Operating Activities:Net income Adjustments to reconcile net income to net cash provided by operating activities:DepreciationAmortization of intangible assetsDeferred income taxesStock-based compensationOther, netChanges in operating assets and liabilities, net of effects from acquisitions:(Increase) decrease in trade receivables, netDecrease in prepaid expenses and other assetsDecrease in accounts payable and other liabilitiesDecrease in income taxes payableIncrease in deferred revenuesNet cash provided by operating activitiesCash Flows From Investing Activities:Purchases of marketable securities and other investmentsProceeds from maturities of marketable securitiesProceeds from sales of marketable securities and other investmentsAcquisitions, net of cash acquiredCapital expendituresNet cash provided by (used for) investing activitiesCash Flows From Financing Activities:Payments for repurchases of common stockProceeds from issuances of common stockShares repurchased for tax withholdings upon vesting of restricted stock-based awardsPayments of dividends to stockholdersProceeds from borrowings, net of issuance costsRepayments of borrowingsOther, netNet cash used for financing activitiesEffect of exchange rate changes on cash and cash equivalents6,717 196(29,126)(10,378)(348)Net decrease in cash and cash equivalents448(8,715)Cash and cash equivalents at beginning of period(7,141)30,098 Cash and cash equivalents at end of period613,74621,38337,239 30,098
ORACLE CORPORATIONFISCAL 2022 FINANCIAL RESULTSFREE CASH FLOW - TRAILING 4-QUARTERS (1)( in millions)Fiscal 2021Q1GAAP Operating Cash Flow Capital ExpendituresFree Cash Flow % Growth over prior yearGAAP Net IncomeFree Cash Flow as a % of Net Income Q2Fiscal 2022Q3Q413,092 13,967 14,659(1,614)(1,833)(1,851)11,478 12,134 12,808(6%)(1%)10,249 10,380 112%117% 3%12,830100%Q1Q3Q415,887 15,325 10,255 10,396 (2,135)(2,761)(3,118)(3,805)13,752 12,564 19% Q29%9,539(4,511)7,137 6,591 5,028(41%)(49%)(63%)6,71713,746 13,952 10,262 7,560 100%90%70%87%75%(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 inisolation 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.7
ORACLE CORPORATIONFISCAL 2022 FINANCIAL RESULTSSUPPLEMENTAL ANALYSIS OF GAAP REVENUES (1)( in millions)Q1REVENUES BY OFFERINGSCloud services and license supportCloud license and on-premise licenseHardwareServicesTotal revenues Fiscal 2021Q3Q26,947 8868147209,367 Q4Q1TOTAL7,112 7,252 7,3891,0921,2762,1448448208827527378129,800 10,085 11,227 28,7005,3993,3593,021 40,479 Fiscal 2022Q3Q2Q4TOTAL7,371 7,554 7,637 7,612 027898333,2059,728 10,360 10,513 11,840 42,440AS REPORTED REVENUE GROWTH RATESCloud services and license supportCloud license and on-premise licenseHardwareServicesTotal 7%6%5%1%(3%)7%4%3%18%(3%)3%5%5%9%(5%)6%5%CONSTANT CURRENCY REVENUE GROWTH RATES (2)Cloud services and license supportCloud license and on-premise licenseHardwareServicesTotal %6%8%4%1%11%7%7%25%2%7%10%6%12%(3%)8%7%2,816 4,1316,947 2,901 4,2117,112 2,952 4,3007,252 3,0434,3467,389 11,71216,988 28,7003,041 4,3307,371 3,149 4,4057,554 3,187 4,4507,637 AS REPORTED REVENUE GROWTH RATESApplications cloud services and license supportInfrastructure cloud services and license supportTotal cloud services and license support %8%3%5%6%1%3%8%3%5%CONSTANT CURRENCY REVENUE GROWTH RATES (2)Applications cloud services and license supportInfrastructure cloud services and license supportTotal cloud services and license support 10%7%8%9%5%7%8%5%6%5,259 5,424 6,0762,8522,9813,3241,6891,6801,8279,800 10,085 11,227 21,82811,8946,757 40,479CLOUD SERVICES AND LICENSE SUPPORT REVENUESBY ECOSYSTEMApplications cloud services and license supportInfrastructure cloud services and license supportTotal cloud services and license support revenuesGEOGRAPHIC REVENUESAmericasEurope/Middle East/AfricaAsia PacificTotal revenues 5,068 2,7381,5619,367 3,235 12,6124,37717,5627,612 30,1745,321 5,736 5,849 6,774 066,7509,728 10,360 10,513 11,840 42,440(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 forassessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results forentities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2021 and 2020 for the fiscal 2022 and fiscal2021 constant currency growth rate calculations presented, respectively, rather than the actual exchange rates in effect during the respective periods.8
APPENDIX AORACLE CORPORATIONQ4 FISCAL 2022 FINANCIAL RESULTSEXPLANATION OF NON-GAAP MEASURESTo supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which excludecertain business combination accounting entries and expenses related to acquisitions, as well as other significant expenses includingstock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. Our nonGAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should beread only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly usesour supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operatingdecisions. 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 th
Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com Oracle Announces Fiscal 2022 Fourth Quarter and Fiscal Full Year Financial Results Q4 GAAP Earnings per Share 1.16, Non-GAAP Earnings per Share 1.54
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