Oracle Corporation Japan Reports Non-Consolidated Earnings Results for the Year Ended May 31, 2016; Provides Earnings Guidance for the Year Ending May 31, 2017
June 28, 2016 at 11:00 am EDT
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Oracle Corporation Japan reported Non-consolidated earnings results for the year ended May 31, 2016. For the year, the company reported revenue of JPY 170,203 million compared to JPY 161,051 million a year ago. Operating income was JPY 50,225 million compared to JPY 47,085 million a year ago. Ordinary income was JPY 50,273 million compared to JPY 47,286 million a year ago. Net income was JPY 33,568 million compared to JPY 30,246 million a year ago. Net income per diluted share was JPY 263 compared to JPY 237 a year ago. ROE was 27.0% compared to 29.3% a year ago. ROA was 24.4% compared to 27.6% a year ago. Cash flows from operating activities was JPY 44,267 million compared to JPY 48,412 million a year ago. Income before income taxes was JPY 50,313 million compared to JPY 47,434 million a year ago. Purchase of property, plant and equipment was JPY 506 million compared to JPY 428 million a year ago.
The company provided earnings guidance for the year ending May 31, 2017. For the year, the company expected revenue increaser in the range of 1.0% to 4.0% and net income per share is expected to be in the range of JPY 274 to JPY 284.
Oracle Corp Japan is a Japan-based company mainly engaged in the sale of software, servers, storage and hardware. The Company operates in three business segments. The Cloud & License segment is engaged in the sale of database management software, middleware, application software used in corporate activities, and the provision of services for these software and hardware through the Internet, as well as the provision of software license renewal rights and technical support. The Hardware Systems segment is engaged in the sale of servers, storage, engineered systems, network equipment, as well as the provision of technical support, repair service and maintenance for hardware products. The Service segment provides consulting services, advanced customer support services and education services.
Oracle Corporation Japan Reports Non-Consolidated Earnings Results for the Year Ended May 31, 2016; Provides Earnings Guidance for the Year Ending May 31, 2017