Oracle Q2 2023 Earnings Report

Oracle's Q2 fiscal year 2023 financial results were announced, with total revenue up 18% in USD and 25% in constant currency. Cloud revenue increased by 43% in USD and 48% in constant currency, driven by strong growth in both infrastructure and applications cloud businesses.

Key Takeaways

Oracle's Q2 fiscal year 2023 results showed strong growth, with total revenue reaching $12.3 billion, up 18% in USD and 25% in constant currency. The cloud business was a key driver, with cloud revenue up 43% in USD and 48% in constant currency. GAAP earnings per share was $0.63, while non-GAAP earnings per share was $1.21.

Total revenue increased by 18% in USD and 25% in constant currency, reaching $12.3 billion.

Cloud revenue (IaaS plus SaaS) grew by 43% in USD and 48% in constant currency, totaling $3.8 billion.

Cloud Infrastructure (IaaS) revenue increased by 53% in USD and 59% in constant currency, reaching $1.0 billion.

GAAP earnings per share was $0.63, while non-GAAP earnings per share was $1.21.

Total Revenue

$12.3B

Previous year: $10.4B