Oracle reported Q4 FY2024 total revenue of $14.3B, up 3% YoY, with cloud services and license support revenue rising 9% to $10.2B. Cloud revenue reached $5.3B, growing 20% YoY, while cloud infrastructure revenue surged 42% to $2.0B. The company's Q4 GAAP operating income increased 13% to $4.7B, with an operating margin of 33%.The company secured over 30 AI-related contracts totaling more than $12.5B in Q4, including a significant deal with OpenAI for ChatGPT training. Total Remaining Performance Obligations rose 44% to $98B. The multicloud partnership with Microsoft expanded with 11 of 23 OCI datacenters going live in Azure, while a new agreement with Google Cloud was established.The Board declared a quarterly cash dividend of $0.40 per share, payable on July 25, 2024, to stockholders of record as of July 11, 2024. Management expects continued strong AI demand to drive double-digit revenue growth in fiscal 2025, with sequential quarterly improvements as OCI capacity expands.

Oracle reported Q4 FY2024 total revenue of $14.3B, up 3% YoY, with cloud services and license support revenue rising 9% to $10.2B. Cloud revenue reached $5.3B, growing 20% YoY, while cloud infrastructure revenue surged 42% to $2.0B. The company's Q4 GAAP operating income increased 13% to $4.7B, with an operating margin of 33%.The company secured over 30 AI-related contracts totaling more than $12.5B in Q4, including a significant deal with OpenAI for ChatGPT training. Total Remaining Performance Obligations rose 44% to $98B. The multicloud partnership with Microsoft expanded with 11 of 23 OCI datacenters going live in Azure, while a new agreement with Google Cloud was established.The Board declared a quarterly cash dividend of $0.40 per share, payable on July 25, 2024, to stockholders of record as of July 11, 2024. Management expects continued strong AI demand to drive double-digit revenue growth in fiscal 2025, with sequential quarterly improvements as OCI capacity expands.