Oracle Corporation (NYSE: ORCL) noted a drop in its share price Friday, on the release of third-quarter results Thursday. Total quarterly revenues were up 4% year-over-year in USD and up 7% in constant currency to $10.5 billion . Cloud services and license support revenues were up 5% in USD and up 8% in constant currency to $7.6 billion . Cloud license and on-premise license revenues were up 1% in USD and up 4% in constant currency to $1.3 billion .
Q3 GAAP operating income was $3.8 billion , down 1% in USD and up 3% in constant currency. Non-GAAP operating income was $4.8 billion , up 1% in USD and up 4% in constant currency. GAAP operating margin was 36%, and non-GAAP operating margin was 46%. GAAP net income was $2.3 billion , and non-GAAP net income was $3.1 billion .
Q3 GAAP earnings per share was $0.84 while non-GAAP earnings per share was $1.13 , down 3% in USD and up 1% in constant currency.
Said CEO Safra Catz, “In Q3, Oracle delivered over 7% constant currency revenue growth—our highest quarterly organic revenue growth rate since we began our transition to the cloud.”
The board of directors declared a quarterly cash dividend of $0.32 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on April 8, with a payment date of April 21.
ORCL shares slipped $1.01, or 1.3%, to $75.64.