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Aug 31, 2023
Oracle Q1 2024 Earnings Report
Oracle's first quarter of fiscal year 2024 financial results were announced, with total revenue up 9% and cloud revenue up 30%.
Key Takeaways
Oracle's Q1 2024 financial results showed a 9% increase in total revenue, reaching $12.5 billion. Cloud revenue (IaaS plus SaaS) grew by 30% to $4.6 billion, and GAAP earnings per share was $0.86.
Total revenue increased by 9% to $12.5 billion.
Cloud revenue (IaaS plus SaaS) grew by 30% to $4.6 billion.
GAAP earnings per share was $0.86, while non-GAAP earnings per share was $1.19.
Cloud Infrastructure (IaaS) revenue increased by 66% to $1.5 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Oracle did not provide specific financial guidance in this earnings report. The focus was on the growth in cloud infrastructure and the potential impact of generative AI.
Positive Outlook
- Oracle Cloud Infrastructure revenue grew 66% in Q1.
- Total cloud services revenue, Infrastructure plus Applications, grew 30% to $4.6 billion in the quarter.
- Oracle Cloud Services plus License Support revenue now accounts for 77% of Oracle’s total revenue.
- Non-GAAP earnings per share grew 16%.
- Free cash flow grew 21%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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