Oracle Corporation
Oracle Reports Strong Cloud Revenue Growth in Fiscal 2024 Q4
Summary
Oracle Corporation announced its fiscal 2024 Q4 and full-year results on June 11, 2024. Total Q4 revenues were up 3% year-over-year to $14.3 billion, driven by a 20% increase in cloud services and license support revenues to $10.2 billion. Oracle also declared a quarterly cash dividend of $0.40 per share payable on July 25, 2024. GAAP earnings per share (EPS) for Q4 was $1.11, and non-GAAP EPS was $1.63. For the full year, GAAP net income increased by 23% to $10.5 billion, and non-GAAP net income increased by 20% to $15.7 billion.
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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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