Oracle Corporation (ORCL) Q4 2024 Earnings Report

Oracle Corporation reported an exceptional fourth quarter for fiscal year 2024, showcasing a substantial shift towards cloud service dominance. The company achieved revenues of $14.3 billion, marking a year-over-year increase of 5%. Notably, cloud revenue, excluding Cerner, grew by 23%, underscoring the strong demand for Oracle’s cloud infrastructure and services. Management emphasizes that this quarter was driven by the largest sales contract in company history, largely attributed to AI and cloud offerings. With record RPO of $98 billion—a 44% year-over-year increase—Oracle is strategically positioning itself for robust future growth, signaling confidence to investors about ongoing market penetration and business scalability.