Oracle Corporation
Oracle Reports Strong Q3 FY2024 Earnings and Announces Quarterly Dividend
Summary
Oracle Corporation announced its fiscal 2024 third-quarter results, reporting total revenues of $13.3 billion, up 7% year-over-year. GAAP earnings per share (EPS) was $0.85, and non-GAAP EPS was $1.41, up 16%. The company also declared a cash dividend of $0.40 per share, payable on April 24, 2024. The Board of Directors emphasized that demand for their Gen2 AI infrastructure substantially exceeds supply, despite rapid expansions. The press release providing detailed financial results is furnished as Exhibit 99.1.
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About Oracle Corporation
Oracle Corporation is a global leader in enterprise software, cloud services, and database technology. The company specializes in developing solutions that help organizations manage and optimize business processes and data storage. Known for its powerful Oracle Database, Oracle provides a comprehensive suite of software such as Oracle Cloud Infrastructure, Fusion ERP, HCM Cloud, and MySQL. These services cater to various industries, including financial services, healthcare, retail, and government sectors. Oracle's focus on cloud technology and integrated software solutions plays a crucial role in helping businesses transition to digital operations. Additionally, Oracle's robust portfolio supports mission-critical processes for Fortune 500 companies, making it a cornerstone in the tech industry. Founded in 1977 and headquartered in Austin, Texas, Oracle Corporation continues to drive innovation in database management and cloud computing, consolidating its market significance as a pivotal provider of IT solutions globally.
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