The following is a summary of the Oracle Corporation Japan (OCLCF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Oracle Japan's total revenue for the first nine months reached JPY 176,883 million, showing an 8.4% growth primarily due to their cloud revenue.

• Cloud service revenue saw a significant progress, with a 36.3% increase to JPY 35,578 million, representing 20% of the company's overall revenues.

• Strong momentum was observed in Infrastructure consumption revenues, especially in autonomous database.

• Both Operating income and net income saw an increase of 9.7%, standing at JPY 57,706 million and JPY 40,181 million respectively.

• The company saw its highest ever margins in the third quarter.

Business Progress:

• Oracle's cloud business continues to drive the accelerating growth corroborating the company's revenue trends.

• Oracle announced an influx of marquee cloud customers from various sectors such as financial services, manufacturing, and public sector.

• Partnership with HID aims to deliver innovative, cost-effective services including cloud nativization in HID's general administration system.

• Collaboration with Ono Pharma aims to enhance the prediction of risks and probability of trial success through Oracle's Clinical Trial Management System.

• A significant revamp was done with the Daiwa Institute of Research's order and order analysis infrastructure using Oracle's Autonomous Data Warehouse.

• Oracle keeps focusing on expansion and efficiency by hiring into growing businesses.

More details: ORACLE CORP JAPAN IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.