Q4 FISCAL 2017 FINANCIAL RESULTS CONDENSED CONSOLIDATED ...

ORACLE CORPORATION

Q4 FISCAL 2017 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

REVENUES Cloud software as a service Cloud platform as a service and infrastructure as a service Total cloud revenues New software licenses Software license updates and product support Total on-premise software revenues Total cloud and on-premise software revenues Hardware revenues Services revenues

Total revenues

OPERATING EXPENSES Cloud software as a service Cloud platform as a service and infrastructure as a service Software license updates and product support Hardware Services Sales and marketing Research and development General and administrative Amortization of intangible assets Acquisition related and other Restructuring

Total operating expenses

OPERATING INCOME Interest expense Non-operating income, net

2017

Three Months Ended May 31,

% of

Revenues

2016

% of Revenues

% Increase (Decrease)

in US $

% Increase (Decrease) in Constant Currency (1)

$

964

9%

$

576

5%

397

4%

283

3%

1,361

13%

859

8%

2,626

24%

2,766

26%

4,897

45%

4,814

46%

7,523

69%

7,580

72%

8,884

82%

8,439

80%

1,114 894

10% 8%

1,283 872

12% 8%

10,892

100%

10,594

100%

67% 40% 58% (5%) 2% (1%) 5% (13%) 3%

3%

69% 42% 60% (4%) 3% 0% 6% (12%) 4%

4%

355 214 266 440 728 2,313 1,609 317 441

18 118

6,819

4,073 (481) 168

3% 2% 3% 4% 7% 21% 15% 3% 4% 0% 1%

63%

37% (4%) 2%

272 131 268 573 692 2,306 1,534 323 355

7 165

6,626

3,968 (362) 126

3% 1% 2% 6% 7% 22% 14% 3% 3% 0% 2%

63%

37% (3%) 1%

31% 64% (1%) (23%) 5% 0% 5% (2%) 24% 165% (29%)

3%

3% 33% 34%

32% 65% 0% (22%) 6% 1% 5% (1%) 24% 165% (26%)

4%

4% 33% 32%

INCOME BEFORE PROVISION FOR INCOME TAXES Provision for income taxes

NET INCOME

3,760 529

35% 5%

3,732 918

35% 8%

$

3,231

30%

$

2,814

27%

1% (42%)

15%

3% (43%)

17%

EARNINGS PER SHARE: Basic Diluted

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic Diluted

$

0.78

$

0.76

4,132 4,248

$

0.68

$

0.66

4,147 4,238

(1) 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 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 are converted into United States dollars at the exchange rates in effect on May 31, 2016, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the three months ended May 31, 2017 compared with the corresponding prior year period decreased our revenues by 1 percentage point, operating expenses by 1 percentage point and operating income by 1 percentage point.

1

ORACLE CORPORATION

Q4 FISCAL 2017 FINANCIAL RESULTS RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

TOTAL REVENUES

TOTAL CLOUD AND ON-PREMISE SOFTWARE REVENUES TOTAL CLOUD REVENUES

Cloud software as a service Cloud platform as a service and infrastructure as a service New software licenses Software license updates and product support

TOTAL OPERATING EXPENSES Cloud software as a service (4) Cloud platform as a service and infrastructure as a service (4) Sales and marketing (3) Stock-based compensation (4) Amortization of intangible assets (5) Acquisition related and other Restructuring

CLOUD SOFTWARE AS A SERVICE MARGIN % CLOUD PLATFORM AS A SERVICE AND INFRASTRUCTURE AS A SERVICE MARGIN %

OPERATING INCOME

OPERATING MARGIN %

INCOME TAX EFFECTS (6)

NET INCOME

DILUTED EARNINGS PER SHARE

DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

2017 GAAP

$ 10,892

$

8,884

1,361

964

397

2,626

4,897

Adj.

$

50

$

50

50

44

6

-

-

Three Months Ended May 31,

2017

2016

Non-GAAP

GAAP

$ 10,942

$ 10,594

$

8,934

$

8,439

1,411

859

1,008

576

403

283

2,626

2,766

4,897

4,814

Adj.

$

2

$

2

1

1

-

-

1

2016 Non-GAAP

$ 10,596

$

8,441

860

577

283

2,766

4,815

$

6,819 $ (893) $

5,926

$

6,626 $ (796) $

5,830

355

(6)

349

272

(4)

268

214

(2)

212

131

(1)

130

2,313

(62)

2,251

2,306

(57)

2,249

246

(246)

-

207

(207)

-

441

(441)

-

355

(355)

-

18

(18)

-

7

(7)

-

118

(118)

-

165

(165)

-

63%

65%

53%

54%

46%

47%

54%

54%

$

4,073 $ 943 $

5,016

$

3,968 $ 798 $

4,766

37%

46%

37%

45%

$

529 $ 412 $

941

$

918 $ 188 $

1,106

$

3,231 $ 531 $

3,762

$

2,814 $ 610 $

3,424

$

0.76

$

0.89

$

0.66

$

0.81

4,248

-

4,248

4,238

-

4,238

% Increase (Decrease) % Increase (Decrease) in

in US $

Constant Currency (2)

GAAP

3%

5% 58% 67% 40% (5%) 2%

Non-GAAP

3%

6% 64% 75% 42% (5%) 2%

GAAP

4%

6% 60% 69% 42% (4%) 3%

Non-GAAP

4%

7% 66% 76% 45% (4%) 3%

3% 31% 64% 0% 19% 24% 165% (29%)

1,040 bp.

(783) bp.

3%

(7) bp.

(42%)

2% 30% 64% 0%

* * * *

1,176 bp.

(698) bp.

5%

86 bp.

(15%)

4% 32% 65% 1% 19% 24% 165% (26%)

1,030 bp.

(738) bp.

4%

13 bp.

(43%)

3% 32% 65% 1%

* * * *

1,164 bp

(656) bp.

7%

98 bp.

(14%)

15% 15%

10% 10%

17% 17%

11% 11%

0%

0%

0%

0%

(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 our 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 our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information,current and comparativeprior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2016, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods.

(3) Non-GAAP adjustments to sales and marketing expenses were as follows:

Stock-based compensation (4) Acquired deferred sales commissions amortization

Total non-GAAP sales and marketing adjustments

Three Months Ended

May 31,

2017

2016

$

(78) $

(57)

16

-

$

(62) $

(57)

(4) Stock-based compensation was included in the following GAAP operating expense categories:

Software license updates and product support Hardware Services Research and development General and administrative

Subtotal Cloud software as a service Cloud platform as a service and infrastructure as a service Sales and marketing Acquisition related and other

Total stock-based compensation

Three Months Ended

May 31, 2017

GAAP

$

6

3

14

197

26

Adj.

$

(6)

(3)

(14)

(197)

(26)

Non-GAAP

$

-

-

-

-

-

246

(246)

-

6

(6)

-

2

(2)

-

78

(78)

-

2

(2)

-

$

334 $ (334) $

-

Three Months Ended

May 31, 2016

GAAP

$

6

3

7

157

34

Adj.

$

(6)

(3)

(7)

(157)

(34)

Non-GAAP

$

-

-

-

-

-

207

(207)

-

4

(4)

-

1

(1)

-

57

(57)

-

-

-

-

$

269 $ (269) $

-

(5) Estimated future annual amortization expense related to intangible assets as of May 31, 2017 was as follows:

Fiscal 2018

$

Fiscal 2019

Fiscal 2020

Fiscal 2021

Fiscal 2022

Thereafter

Total intangible assets, net

$

1,588 1,419 1,219 1,050

947 1,456

7,679

(6) Income tax effects were calculated reflecting an effective GAAP tax rate of 14.1% and 24.6% in the fourth quarter of fiscal 2017 and 2016, respectively, and an effective non-GAAP tax rate of 20.0% and 24.4% in the fourth quarter of fiscal 2017 and 2016, respectively. The difference between our GAAP and non-GAAP tax rate in the fourth quarter of fiscal 2017 was primarily due to the net tax effects on stock-based compensationexpense and acquisition related items, including the tax effects of amortizationof intangible assets. The difference between our GAAP and non-GAAP tax rate in the fourth quarter of fiscal 2016 was primarily due to the net tax effects of acquisition related items, including the tax effects of amortization of intangible assets.

* Not meaningful

2

ORACLE CORPORATION

FISCAL 2017 YEAR TO DATE FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

REVENUES Cloud software as a service Cloud platform as a service and infrastructure as a service Total cloud revenues New software licenses Software license updates and product support Total on-premise software revenues Total cloud and on-premise software revenues Hardware revenues Services revenues

Total revenues

OPERATING EXPENSES Cloud software as a service Cloud platform as a service and infrastructure as a service Software license updates and product support Hardware Services Sales and marketing Research and development General and administrative Amortization of intangible assets Acquisition related and other Restructuring

Total operating expenses

OPERATING INCOME Interest expense Non-operating income, net

2017

Year Ended May 31,

% of

Revenues

2016

% of Revenues

% Increase (Decrease)

in US $

% Increase (Decrease) in Constant Currency (1)

$

3,211

8%

$

2,001

5%

1,360

4%

852

3%

4,571

12%

2,853

8%

6,418

17%

7,276

19%

19,229

51%

18,861

51%

25,647

68%

26,137

70%

30,218

80%

28,990

78%

4,152

11%

4,668

13%

3,358

9%

3,389

9%

37,728

100%

37,047

100%

61% 60% 60% (12%) 2% (2%) 4% (11%) (1%)

2%

62% 62% 62% (11%) 3% (1%) 5% (10%) 1%

3%

1,285 678

1,052 1,653 2,801 8,197 6,159 1,176 1,451

103 463

25,018

12,710 (1,798)

605

4% 2% 3% 4% 7% 22% 16% 3% 4% 0% 1%

66%

34% (5%) 2%

1,049 469

1,146 2,064 2,751 7,884 5,787 1,155 1,638

42 458

24,443

12,604 (1,467)

305

3% 1% 3% 6% 8% 21% 16% 3% 4% 0% 1%

66%

34% (4%) 1%

22% 45% (8%) (20%) 2% 4% 6% 2% (11%) 145% 1%

2%

1% 23% 98%

24% 46% (7%) (19%) 3% 5% 7% 3% (11%) 147% 4%

3%

2% 23% 96%

INCOME BEFORE PROVISION FOR INCOME TAXES Provision for income taxes

NET INCOME

11,517 2,182

31% 6%

11,442 2,541

31% 7%

$

9,335

25%

$

8,901

24%

1% (14%)

5%

2% (15%)

6%

EARNINGS PER SHARE: Basic Diluted

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic Diluted

$

2.27

$

2.21

4,115 4,217

$

2.11

$

2.07

4,221 4,305

(1) 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 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 are converted into United States dollars at the exchange rates in effect on May 31, 2016, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the year ended May 31, 2017 compared with the corresponding prior year period decreased our revenues by 1 percentage point, operating expenses by 1 percentage point and operating income by 1 percentage point.

3

ORACLE CORPORATION

FISCAL 2017 YEAR TO DATE FINANCIAL RESULTS RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

2017 GAAP

Year Ended May 31,

2017

2016

Adj.

Non-GAAP

GAAP

% Increase (Decrease) % Increase (Decrease) in

in US $

Constant Currency (2)

2016

Adj.

Non-GAAP

GAAP Non-GAAP GAAP Non-GAAP

TOTAL REVENUES

TOTAL CLOUD AND ON-PREMISE SOFTWARE REVENUES TOTAL CLOUD REVENUES

Cloud software as a service Cloud platform as a service and infrastructure as a service New software licenses Software license updates and product support

TOTAL HARDWARE REVENUES

TOTAL OPERATING EXPENSES Cloud software as a service (4) Cloud platform as a service and infrastructure as a service (4) Sales and marketing (3) Stock-based compensation (4) Amortization of intangible assets (5) Acquisition related and other Restructuring

CLOUD SOFTWARE AS A SERVICE MARGIN % CLOUD PLATFORM AS A SERVICE AND INFRASTRUCTURE AS A SERVICE MARGIN % OPERATING INCOME

OPERATING MARGIN %

INCOME TAX EFFECTS (6)

NET INCOME

DILUTED EARNINGS PER SHARE

$ 37,728 $ 171 $ 37,899

$ 30,218 $ 171 $ 30,389

4,571

170

4,741

3,211

164

3,375

1,360

6

1,366

6,418

-

6,418

19,229

1

19,230

$

4,152 $

-$

4,152

$ 25,018 $ (3,286) $ 21,732

1,285

(23)

1,262

678

(5)

673

8,197

(260)

7,937

981

(981)

-

1,451

(1,451)

-

103

(103)

-

463

(463)

-

60%

63%

50%

51%

$ 12,710 $ 3,457 $ 16,167

34%

43%

$

2,182 $ 1,233 $

3,415

$

9,335 $ 2,224 $ 11,559

$

2.21

$

2.74

$ 37,047 $

$ 28,990 $ 2,853 2,001 852 7,276

18,861

10 $

9$ 7 7 2

37,057

28,999 2,860 2,008 852 7,276

18,863

$

4,668 $

1$

4,669

$ 24,443 $ (3,172) $ 21,271

1,049

(17)

1,032

469

(4)

465

7,884

(220)

7,664

793

(793)

-

1,638

(1,638)

-

42

(42)

-

458

(458)

-

48%

49%

45%

46%

$ 12,604 $ 3,182 $ 15,786

34%

43%

$

2,541 $ 846 $

3,387

$

8,901 $ 2,336 $ 11,237

$

2.07

$

2.61

2%

4% 60% 61% 60% (12%) 2%

2%

5% 66% 68% 60% (12%) 2%

3%

5% 62% 62% 62% (11%) 3%

3%

6% 68% 70% 63% (11%) 3%

(11%)

(11%)

(10%)

(10%)

2% 22% 45% 4% 24% (11%) 145% 1%

1,247 bp.

504 bp.

1%

(33) bp.

(14%)

2% 22% 45% 4%

* * * *

1,407 bp.

513 bp.

2%

6 bp.

1%

3% 24% 46% 5% 24% (11%) 147% 4%

1,223 bp.

542 bp.

2%

(29) bp.

(15%)

3% 24% 47% 4%

* * * *

1,382 bp.

550 bp.

3%

5 bp.

2%

5%

3%

6%

4%

7%

5%

9%

6%

DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

4,217

-

4,217

4,305

-

4,305

(2%)

(2%)

(2%)

(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 with our 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 our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information,current and comparativeprior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2016, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods.

(3) Non-GAAP adjustments to sales and marketing expenses were as follows:

Stock-based compensation (4) Acquired deferred sales commissions amortization

Total non-GAAP sales and marketing adjustments

Year Ended

May 31,

2017

2016

$

(306) $ (220)

46

-

$

(260) $ (220)

(4) Stock-based compensation was included in the following GAAP operating expense categories:

Software license updates and product support Hardware Services Research and development General and administrative

Subtotal Cloud software as a service Cloud platform as a service and infrastructure as a service Sales and marketing Acquisition related and other

Total stock-based compensation

GAAP

$

26

11

44

770

130

981

23 5

306 35

$

1,350

Year Ended

May 31, 2017

Adj.

$

(26)

(11)

(44)

(770)

(130)

(981)

(23) (5)

(306) (35)

$ (1,350)

Non-GAAP

$

-

-

-

-

-

-

-

-

$

-

GAAP

$

23

12

29

609

120

793

17 4

220 3

$

1,037

Year Ended

May 31, 2016

Adj.

$

(23)

(12)

(29)

(609)

(120)

(793)

(17) (4)

(220) (3)

$ (1,037)

Non-GAAP

$

-

-

-

-

-

-

-

-

$

-

(5) Estimated future annual amortization expense related to intangible assets as of May 31, 2017 was as follows:

Fiscal 2018

$

Fiscal 2019

Fiscal 2020

Fiscal 2021

Fiscal 2022

Thereafter

Total intangible assets, net

$

1,588 1,419 1,219 1,050

947 1,456 7,679

(6) Income tax effects were calculated reflecting an effective GAAP tax rate of 18.9% and 22.2% in fiscal 2017 and 2016, respectively, and an effective non-GAAP tax rate of 22.8% and 23.2% in fiscal 2017 and 2016, respectively. The difference between our GAAP and non-GAAP tax rate in fiscal 2017 was primarily due to the net tax effects on stock-based compensationexpense and acquisition related items, including the tax effects of amortizationof intangible assets. The difference between our GAAP and non-GAAP tax rate in fiscal 2016 was primarily due to the net tax effects of acquisition related items, including the tax effects of amortization of intangible assets.

* Not meaningful

4

ORACLE CORPORATION

FISCAL 2017 FINANCIAL RESULTS

CONDENSED CONSOLIDATED BALANCE SHEETS

($ in millions)

ASSETS

Current Assets: Cash and cash equivalents Marketable securities Trade receivables, net Inventories Prepaid expenses and other current assets

Total Current Assets

Non-Current Assets: Property, plant and equipment, net Intangible assets, net Goodwill, net Deferred tax assets Other assets

Total Non-Current Assets

TOTAL ASSETS

LIABILITIES AND EQUITY

Current Liabilities: Notes payable and other borrowings, current Accounts payable Accrued compensation and related benefits Deferred revenues Other current liabilities Total Current Liabilities

Non-Current Liabilities: Notes payable and other borrowings, non-current Income taxes payable Other non-current liabilities Total Non-Current Liabilities

Equity

TOTAL LIABILITIES AND EQUITY

May 31, 2017

$

21,784

44,294

5,300

300

2,837

74,515

5,315 7,679 43,045 1,143 3,294

60,476

$ 134,991

$

9,797

599

1,966

8,233

3,583

24,178

48,112 5,681 2,774

56,567

54,246

$ 134,991

May 31, 2016

$

20,152

35,973

5,385

212

2,591

64,313

4,000 4,943 34,590 1,291 3,043

47,867

$

112,180

$

3,750

504

1,966

7,655

3,333

17,208

40,105 4,908 2,169

47,182

47,790

$

112,180

5

ORACLE CORPORATION

FISCAL 2017 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

($ in millions)

Cash Flows From Operating Activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Amortization of intangible assets Deferred income taxes Stock-based compensation Tax benefits on the vesting of restricted stock-based awards and exercise of stock options Other, net Changes in operating assets and liabilities, net of effects from acquisitions: Decrease in trade receivables, net (Increase) decrease in inventories Decrease (increase) in prepaid expenses and other assets Decrease in accounts payable and other liabilities Increase in income taxes payable Increase in deferred revenues

Net cash provided by operating activities

Cash Flows From Investing Activities: Purchases of marketable securities and other investments Proceeds from maturities and sales of marketable securities and other investments Acquisitions, net of cash acquired Capital expenditures

Net cash used for investing activities

Cash Flows From Financing Activities: Payments for repurchases of common stock Proceeds from issuances of common stock Shares repurchased for tax withholdings upon vesting of restricted stock-based awards Payments of dividends to stockholders Proceeds from borrowings, net of issuance costs Repayments of borrowings Distributions to noncontrolling interests

Net cash provided by (used for) financing activities

Effect of exchange rate changes on cash and cash equivalents

Net increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period

Year Ended May 31,

2017

2016

$

9,335

1,000 1,451

(486) 1,350

614 123

147 (88) 64 (37) 118 535

14,126

$

8,901

871 1,638

(105) 1,037

311 143

226 88 (90) (13) 2

676

13,685

(25,867) 17,615 (11,221) (2,021)

(21,494)

(24,562) 21,247

(650) (1,189)

(5,154)

(3,561) 2,181 (283) (2,631) 17,732 (4,094)

(258)

9,086

(86)

1,632

20,152

$

21,784

(10,440) 1,425 (89) (2,541) 3,750 (2,000) (85)

(9,980)

(115)

(1,564)

21,716

$

20,152

6

ORACLE CORPORATION

FISCAL 2017 FINANCIAL RESULTS FREE CASH FLOW - TRAILING 4-QUARTERS (1)

($ in millions)

GAAP Operating Cash Flow Capital Expenditures Free Cash Flow % Growth over prior year

Fiscal 2016

Fiscal 2017

Q1

Q2

Q3

Q4

Q1

Q2

Q3

$

13,682 $

13,113 $

14,252 $

13,685 $

13,679 $

14,249 $

13,453 $

Q4 14,126

(1,636)

(1,606)

(1,606)

(1,189)

(1,042)

(1,604)

(1,676)

(2,021)

$

12,046 $

11,507 $

12,646 $

12,496 $

12,637 $

12,645 $

11,777 $

12,105

(20%)

(22%)

(8%)

(5%)

5%

10%

(7%)

(3%)

GAAP Net Income Free Cash Flow as a % of Net Income

$

9,501 $

9,198 $

8,844 $

8,901 $

8,986 $

8,820 $

8,917 $

9,335

127%

125%

143%

140%

141%

143%

132%

130%

(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 in isolation 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 CORPORATION

FISCAL 2017 FINANCIAL RESULTS SUPPLEMENTAL ANALYSIS OF GAAP REVENUES (1)

($ in millions)

REVENUES Cloud software as a service Cloud platform as a service and infrastrucure as a service

Total cloud revenues

New software licenses Software license updates and product support

Total on-premise software revenues Total cloud and on-premise software revenues

Fiscal 2016

Fiscal 2017

Q1

Q2

Q3

Q4

TOTAL

Q1

Q2

Q3

Q4

TOTAL

$ 438 $ 462 $ 526 $ 576 $ 2,001 $ 657 $ 725 $ 865 $ 964 $ 3,211

173

187

209

283

852

312

328

324

397

1,360

611

649

735

859 2,853

969 1,053 1,189

1,361

4,571

1,151 4,696 5,847 6,458

1,677 4,683 6,360 7,009

1,680 4,669 6,349 7,084

2,766 4,814 7,580 8,439

7,276 18,861 26,137 28,990

1,030 4,792 5,822 6,791

1,347 4,777 6,124 7,177

1,414 4,762 6,176 7,365

2,626 4,897 7,523 8,884

6,418 19,229 25,647 30,218

Total hardware revenues

1,128

1,123

1,135

1,283

4,668

996 1,014 1,028

1,114

4,152

Total services revenues

862

861

793

872 3,389

808

844

812

894

3,358

Total revenues

$ 8,448 $ 8,993 $ 9,012 $ 10,594 $ 37,047 $ 8,595 $ 9,035 $ 9,205 $ 10,892 $ 37,728

AS REPORTED REVENUE GROWTH RATES Cloud software as a service Cloud platform as a service and infrastrucure as a service

Total cloud revenues

New software licenses Software license updates and product support

Total on-premise software revenues Total cloud and on-premise software revenues

30% 25% 29%

(16%) (1%) (4%) (2%)

28% 20% 26%

(18%) (2%) (7%) (4%)

42% 33% 40%

(15%) 0%

(4%) (1%)

40% 71% 49%

(12%) 3%

(3%) 0%

36% 38% 36%

(15%) 0%

(5%) (2%)

50% 80% 59%

(11%) 2% 0% 5%

57% 75% 62%

(20%) 2%

(4%) 2%

64% 55% 62%

(16%) 2%

(3%) 4%

67% 40% 58%

(5%) 2%

(1%) 5%

61% 60% 60%

(12%) 2%

(2%) 4%

Total hardware revenues

(3%) (16%) (13%)

(9%) (10%) (12%) (10%)

(9%)

(13%)

(11%)

Total services revenues

1%

(8%)

(7%)

(3%)

(4%)

(6%)

(2%)

2%

3%

(1%)

Total revenues

(2%)

(6%)

(3%)

(1%)

(3%)

2%

0%

2%

3%

2%

CONSTANT CURRENCY GROWTH RATES (2) Cloud software as a service Cloud platform as a service and infrastrucure as a service

Total cloud revenues

New software licenses Software license updates and product support

Total on-premise software revenues Total cloud and on-premise software revenues

34% 32% 34%

(9%) 8% 4% 6%

32% 26% 31%

(12%) 5% 0% 2%

45% 38% 44%

(11%) 5% 0% 3%

41% 74% 51%

(10%) 4%

(2%) 2%

38% 44% 40%

(11%) 5% 0% 3%

52% 84% 61%

(10%) 3% 1% 6%

59% 78% 64%

(19%) 3%

(3%) 3%

65% 57% 63%

(15%) 3%

(2%) 5%

69% 42% 60%

(4%) 3% 0% 6%

62% 62% 62%

(11%) 3%

(1%) 5%

Total hardware revenues

6% (10%)

(8%)

(7%)

(5%) (11%)

(9%)

(9%)

(12%)

(10%)

Total services revenues

10%

0%

(2%)

(1%)

2%

(5%)

0%

3%

4%

1%

Total revenues

7%

0%

1%

0%

2%

3%

1%

3%

4%

3%

(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 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 are converted into United States dollars at the exchange rates in effect on May 31, 2016 and 2015 for the fiscal 2017 and fiscal 2016 constant currency growth rate calculations presented, respectively, rather than the actual exchange rates in effect during the respective periods.

8

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