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May 31, 2023
Oracle Q4 2023 Earnings Report
Oracle's Q4 2023 financial results were announced, showcasing revenue growth and cloud performance.
Key Takeaways
Oracle announced its Q4 Fiscal Year 2023 results, with total revenue reaching $13.8 billion, up 17% in USD. The cloud business, including IaaS and SaaS, grew significantly, contributing $4.4 billion, up 54% in USD. GAAP earnings per share were $1.19, and non-GAAP earnings per share were $1.67.
Total revenue reached $13.8 billion, a 17% increase in USD.
Cloud revenue (IaaS plus SaaS) grew to $4.4 billion, up by 54% in USD.
Cloud Infrastructure (IaaS) revenue increased to $1.4 billion, a 76% rise in USD.
GAAP earnings per share were reported at $1.19, with non-GAAP earnings per share at $1.67.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Oracle's Gen2 Cloud has become the number 1 choice for running Generative AI workloads, due to having the highest performance, lowest cost GPU cluster technology in the world. NVIDIA themselves are using Oracle's clusters, including one with more than 4,000 GPUs, for their AI infrastructure.
Positive Outlook
- Oracle's revenue reached an all-time high of $50 billion in FY23.
- Cloud applications and infrastructure businesses grew at a combined rate of 50% in constant currency.
- Infrastructure growth rate has been accelerating, with 63% growth for the full year, and 77% growth in the fourth quarter.
- Cloud applications growth rate also accelerated in FY23.
- Oracle's Gen2 Cloud has quickly become the number 1 choice for running Generative AI workloads.
Challenges Ahead
- Supply chain constraints and third-party manufacturing and logistics delays.
- Significant coding, manufacturing or configuration errors in our offerings.
- Economic, political and market conditions.
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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