At Extreme Investor Network, we are dedicated to providing our readers with exclusive insights and in-depth analysis of the latest trends in the world of finance and technology. Today, we bring you a comprehensive overview of Oracle Corporation’s fiscal 2024 Q4 and full-year financial results, shedding light on the company’s exceptional growth and performance in the current market landscape.
Oracle Corporation (NYSE: ORCL) recently revealed its fiscal 2024 Q4 and full-year financial results, underscoring a significant surge in revenues and operating income, fueled by robust demand in cloud services and AI training models. In this blog post, we will delve into the key highlights of Oracle’s financial performance, shedding light on the company’s strategic initiatives and milestones.
Q4 and Full-Year Financial Highlights:
In the fourth quarter, Oracle reported a 3% year-over-year increase in total revenues, amounting to $14.3 billion, with a 4% rise in constant currency. Cloud services and license support revenues witnessed a notable 9% boost in USD, totaling $10.2 billion, and a 10% increase in constant currency. However, cloud license and on-premise license revenues experienced a decline of 15% in USD and 14% in constant currency, reaching $1.8 billion.
Q4 GAAP operating income stood at $4.7 billion, while non-GAAP operating income reached $6.7 billion, marking an 8% increase in USD and 9% in constant currency. The GAAP operating margin was 33%, with a non-GAAP operating margin of 47%. Additionally, short-term deferred revenues amounted to $9.3 billion, showcasing the company’s solid financial position.
Full-Year Performance:
For the fiscal year 2024, Oracle’s total revenues surged by 6% in both USD and constant currency, reaching $53.0 billion. Cloud services and license support revenues saw a remarkable 12% growth in USD and 11% in constant currency, totaling $39.4 billion. However, cloud license and on-premise license revenues declined by 12% in both USD and constant currency, amounting to $5.1 billion.
AI and Cloud Collaboration:
Oracle’s CEO, Safra Catz, emphasized the pivotal role of AI in driving the company’s performance, highlighting the significant demand for training AI large language models in the Oracle Cloud. Larry Ellison, Oracle’s Chairman and CTO, discussed the company’s expanded multicloud collaboration with industry leaders like Microsoft and Google, positioning Oracle as a key player in the cloud computing ecosystem.
Dividend Declaration:
The board of directors declared a quarterly cash dividend of $0.40 per share of outstanding common stock, showcasing Oracle’s commitment to delivering value to its shareholders. The dividend is payable to stockholders of record as of July 11, 2024, with a payment date of July 25, 2024.
Earnings Conference Call and Webcast:
Oracle will be hosting a conference call and webcast to discuss these results in detail at 4:00 p.m. Central. Investors and stakeholders can access the live and replay webcast on the Oracle Investor Relations website, gaining valuable insights into Oracle’s financial performance and strategic outlook.
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