GAAP EPS up 16% year-over-year to $0.72, non-GAAP EPS up 15% to $0.93 -- Fusion ERP cloud revenue up 33%, NetSuite ERP cloud revenue up 23%
Oracle Corporation (NYSE: ORCL) announced fiscal 2021 Q1 results. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion compared to Q1 last year. Cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion. Cloud license and on-premise license revenues were up 9% in USD and 8% in constant currency to $886 million.
Q1 GAAP operating income was up 12% to $3.2 billion and GAAP operating margin was 34%. Non-GAAP operating income was up 9% to $4.2 billion and non-GAAP operating margin was 45%. GAAP net income was up 5% to $2.3 billion, and non-GAAP net income was up 4% to $2.9 billion. GAAP earnings per share was up 16% to $0.72, while non-GAAP earnings per share was up 15% to $0.93. Short-term deferred revenues were $9.9 billion. Operating cash flow was $13.1 billion during the trailing twelve months.