Oracle Corporation reported strong financial results for fiscal year 2024, with total revenues increasing 6% to $53.0 billion. Cloud services revenue grew significantly by 37% to $19.8 billion, representing 37% of total revenue, while operating income rose 17% to $15.4 billion. The company's operating margin expanded to 29% from 26% in the previous year.Cloud and license business remained the primary growth driver, contributing 84% of total revenue. Cloud services and license support revenues increased 12% to $39.4 billion, though cloud license and on-premise license revenues declined 12%. The company continued to invest heavily in global cloud infrastructure, with capital expenditures of $6.9 billion to expand data center capacity and geographic footprint.Management highlighted strong customer demand for Oracle Cloud Infrastructure and applications, particularly in AI and healthcare sectors. The company maintained a solid balance sheet with $10.7 billion in cash and marketable securities, while generating $18.7 billion in operating cash flow. Oracle declared a quarterly dividend of $0.40 per share and had $7.0 billion remaining in its share repurchase authorization.

Oracle Corporation reported strong financial results for fiscal year 2024, with total revenues increasing 6% to $53.0 billion. Cloud services revenue grew significantly by 37% to $19.8 billion, representing 37% of total revenue, while operating income rose 17% to $15.4 billion. The company's operating margin expanded to 29% from 26% in the previous year.Cloud and license business remained the primary growth driver, contributing 84% of total revenue. Cloud services and license support revenues increased 12% to $39.4 billion, though cloud license and on-premise license revenues declined 12%. The company continued to invest heavily in global cloud infrastructure, with capital expenditures of $6.9 billion to expand data center capacity and geographic footprint.Management highlighted strong customer demand for Oracle Cloud Infrastructure and applications, particularly in AI and healthcare sectors. The company maintained a solid balance sheet with $10.7 billion in cash and marketable securities, while generating $18.7 billion in operating cash flow. Oracle declared a quarterly dividend of $0.40 per share and had $7.0 billion remaining in its share repurchase authorization.