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May 31, 2024
Oracle Q4 2024 Earnings Report
Oracle's Q4 2024 financial results were announced, with revenue up 3% and RPO up 44%.
Key Takeaways
Oracle announced its Q4 Fiscal Year 2024 results, with total revenue reaching $14.3 billion, a 3% increase in USD. Cloud revenue (IaaS plus SaaS) grew by 20% to $5.3 billion. The company's Remaining Performance Obligations (RPO) increased by 44% to $98 billion, driven by strong demand for AI training in the Oracle Cloud. GAAP earnings per share was $1.11 and Non-GAAP earnings per share was $1.63.
Total Remaining Performance Obligations (RPO) increased by 44% to $98 billion.
GAAP earnings per share was $1.11, while non-GAAP earnings per share was $1.63.
Total revenue reached $14.3 billion, up 3% in USD.
Cloud revenue (IaaS plus SaaS) grew by 20% to $5.3 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Oracle anticipates continued strong AI demand to drive sales and RPO higher, expecting double-digit revenue growth in fiscal year 2025. Each successive quarter is projected to grow faster than the previous one as OCI capacity increases.
Positive Outlook
- Continued strong AI demand is expected to drive Oracle sales and RPO even higher.
- Double-digit revenue growth is anticipated in fiscal year 2025.
- Each successive quarter should grow faster than the previous quarter as OCI capacity begins to catch up with demand.
- Multicloud cooperation with Microsoft expanded significantly.
- Agreement signed with Google to interconnect clouds and build OCI datacenters inside the Google Cloud.
Challenges Ahead
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Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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