Oracle Corporation has responded to the SEC's request for additional information regarding customer migrations to Oracle Cloud in its Form 10-K for the fiscal year ended May 31, 2024. The SEC's Division of Corporation Finance, Office of Technology, had previously inquired why Oracle would not provide a quantified discussion of customer migrations in its upcoming Form 10-Q. Oracle acknowledged the comment and explained that customer migrations are a significant long-term trend evaluated on an annual rather than a quarterly basis due to the complexity and variability of migration timelines. Oracle confirmed it would include a quantified discussion of customer migrations in its future Annual Reports on Form 10-K, starting with the report for the fiscal year ending May 31, 2025, if the trend remains material.

Oracle Corporation has responded to the SEC's request for additional information regarding customer migrations to Oracle Cloud in its Form 10-K for the fiscal year ended May 31, 2024. The SEC's Division of Corporation Finance, Office of Technology, had previously inquired why Oracle would not provide a quantified discussion of customer migrations in its upcoming Form 10-Q. Oracle acknowledged the comment and explained that customer migrations are a significant long-term trend evaluated on an annual rather than a quarterly basis due to the complexity and variability of migration timelines. Oracle confirmed it would include a quantified discussion of customer migrations in its future Annual Reports on Form 10-K, starting with the report for the fiscal year ending May 31, 2025, if the trend remains material.