Oracle Corporation has reported a solid financial performance for the fiscal year ended May 31, 2024, with total revenues increasing by 6% to $52.961 billion compared to the previous fiscal year. The company's operating margin expanded to 29%, up from 26% in the prior year, reflecting a 17% increase in total operating margin to $15.353 billion. The Americas region contributed the most to revenue growth, followed by EMEA and Asia Pacific. Oracle's cloud and license business, which accounts for 84% of total revenues, saw an 8% increase to $44.464 billion, driven by a 25% surge in cloud services revenues. However, hardware revenues declined by 6%, and services revenues decreased by 3%. Oracle's future plans include continued investment in cloud services, expecting the trend of increasing cloud services revenues to persist. The...Show More

Oracle Corporation has reported a solid financial performance for the fiscal year ended May 31, 2024, with total revenues increasing by 6% to $52.961 billion compared to the previous fiscal year. The company's operating margin expanded to 29%, up from 26% in the prior year, reflecting a 17% increase in total operating margin to $15.353 billion. The Americas region contributed the most to revenue growth, followed by EMEA and Asia Pacific. Oracle's cloud and license business, which accounts for 84% of total revenues, saw an 8% increase to $44.464 billion, driven by a 25% surge in cloud services revenues. However, hardware revenues declined by 6%, and services revenues decreased by 3%. Oracle's future plans include continued investment in cloud services, expecting the trend of increasing cloud services revenues to persist. The company's acquisition strategy remains active, with significant investments in companies that complement its corporate strategy. Oracle's stock repurchase program has no expiration date, and as of May 31, 2024, approximately $7.0 billion remains available for stock repurchases. The company's stock performance has outpaced the S&P 500 Index over the last five fiscal years, with a cumulative total return of 250.9% for Oracle compared to 208.3% for the S&P 500 Index.