Oracle Announces Fiscal 2024 Third Quarter Financial Results PR Newswire AUSTIN, Texas, March 11, 2024 — Q3 GAAP Earnings per Share $0.85, Non-GAAP Earnings per Share up 16% to $1.41 — Q3 Total Revenue $13.3 billion, up 7% in both USD and constant currency — Q3 Total Remaining Performance Obligations up 29% to $80 billion — Q3 Cloud Revenue (IaaS plus SaaS) $5.1 billion, up 25% in USD, up 24% in constant currency — Q3 Cloud Infrastructure (IaaS) Revenue $1.8 billion, up 49% in both USD and constant currency — Q3 Cloud Application (SaaS) Revenue $3.3 billion, up 14% in both USD and constant currency — Q3 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 18% in both USD and constant currency — Q3 NetSuite Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currency AUSTIN, Texas, March 11, 2024 /PRNewswire/ — Oracle Corporation (NYSE:

Oracle Q3 Cloud Revenue Up 25%, Cloud Infrastructure Revenue Up 49%, Cloud Application Revenue Up 14%。

Oracle Corp (NYSE:ORCL) reported fiscal third-quarter financial results after the market close on Monday. Here’s a look at the key metrics from the quarter. What Happened: Oracle’s third-quarter revenue increased 7% year-over-year to $13.3 billion, which missed the consensus estimate of $13.306 billion, according to Benzinga Pro. The company reported quarterly earnings of $1.41 per share, which beat average estimates of $1.38 per share. Total remaining performance obligations were up 29%. Total cloud revenues were up 25%, cloud infrastructure revenues were up 49%, cloud application revenues were up 14%, Fusion cloud revenue was up 18% and NetSuite Cloud ERP revenues were up 20% in the quarter. “We expect to continue receiving large contracts reserving cloud infrastructure capacity because the demand for our Gen2 AI infrastructure substantially exceeds supply—despite the fact we are opening new and expanding existing cloud datacenters very, very rapidly,” said Safra Catz, CEO of Oracle. “We expect that 43% of

Oracle (ORCL) reported fiscal Q3 non-GAAP earnings late Monday of $1.41 per diluted share, up from $1.22 a year earlier. Analysts polled by Capital IQ expected $1.38. Revenue for the quarter ended Feb. 29 was $13.28 billion, up from $12.40 billion a year earlier. Analysts surveyed by Capital IQ expected $13.29 billion. The company kept the quarterly dividend at $0.40 per share, payable April 24 to shareholders of record on April 10. The company’s shares were rising past 6% in recent after-hours activity.

Oracle Said Total Revenues, Including Cerner, Are Expected To Grow From 4% To 6% Total Revenue Excluding Cerner Are Expected To Grow 6% To 8% Total Revenue -Conf Call。

Oracle can’t seem to add data center capacity fast enough. The company is working “as quickly as we can” to get its cloud capacity up because of its enormous backlog, CEO Safra Catz says on a call with analysts. Catz says the company has at least 40 new AI bookings worth over $1 billion that are yet to come online. Oracle is trying to focus on “much larger chunks of data center capacity” as it looks to keep pace with surging cloud demand. The company expects revenue growth to accelerate as supply constraints ease in the future, with cloud revenue already up 25% in 3Q. Shares rise 14% to $129.88 after-hours.

Oracle (ORCL) today announced fiscal 2024 Q3 results. Total quarterly revenues were up 7% year-over-year in both USD and constant currency to $13.3 billion. Cloud services and license support revenues were up 12% in USD and up 11% in constant currency to $10.0 billion. Cloud license and on-premise license revenues were down 3% in both USD and constant currency to $1.3 billion. Here are some financial highlights: Q3 GAAP Earnings per Share $0.85, Non-GAAP Earnings per Share up 16% to $1.41 Q3 Total Revenue $13.3 billion, up 7% in both USD and constant currency Q3 Total Remaining Performance Obligations up 29% to $80 billion Q3 Cloud Revenue (IaaS plus SaaS) $5.1 billion, up 25% in USD, up 24% in constant currency Q3 Cloud Infrastructure (IaaS) Revenue $1.8 billion, up 49% in both USD and constant currency Q3 Cloud Application (SaaS) Revenue $3.3 billion, up 14% in both USD and constant

Oracle has had no problems getting access to high-speed chips needed for new data centers. CEO Safra Catz says on a call with analysts that the company is “very good” in its graphic processing unit access and capability. Instead, the bottleneck in building data centers is physical infrastructure. Co-founder and CTO Larry Ellison says on the call that “the long pole in the tent is actually building the structure, connecting the electricity and connecting the communication links.” The software company has been trying to build new data centers at lightning speed to match surging AI-related demand.