Summary by Moomoo AI
Oracle Corporation announced robust financial results for Q2 FY2025 ended November 30, 2024. Total revenue increased 9% YoY to $14.06 billion, driven by a 24% surge in cloud services revenue to $5.94 billion. Cloud license and on-premise license revenue grew 1% to $1.20 billion, while hardware revenue declined 4% to $728 million.Operating income rose 17% to $4.22 billion, with operating margin expanding to 30%. Net income and EPS figures were not provided in the excerpt. The company highlighted strong growth in both applications and infrastructure cloud services, with infrastructure contributing 75% of cloud revenue growth in Q2.Oracle continued to invest heavily in research and development, with R&D expenses increasing 11% to $2.47 billion. The company also issued $6.3 billion in senior notes in September 2024 to refinance existing debt and for general corporate purposes. Oracle remains confident in its long-term strategy of transitioning customers to cloud-based offerings while maintaining a strong financial position.
