For Q4 FY 2024 (ended May 2024), Total Revenues were $14.3 billion, up 3% y-o-y. Cloud Services and License Support revenues were $10.2 billion, up 9% y-o-y. Cloud License and On-Premise License decreased by 15% y-o-y. GAAP Operating Income was $4.69 billion, as compared to $4.14 billion in the year-ago period. That said, GAAP Net Income was down 5% y-o-y to $3.14 billion.
Overall, the company posted total revenues of $52.96 billion in FY2024 -- up 6% y-o-y.
Note: Oracle's FY'24 ended on May 31, 2024. Q4 FY'24 refers to the quarter that ended on May 31, 2024.
IT software and Services industries suffered from a fall in demand for software and web services at the start of the pandemic as consumers focused solely on essentials, not discretionary products. However, it recovered over the subsequent quarters, with companies having a portfolio of software and services aimed at remote collaboration benefitting the most.
Notably, the company posted total revenues of $42.4 billion in FY2022 - up 5% y-o-y.
Oracle earns money through the sale of enterprise software and associated hardware. The company launched its Gen 2 cloud and Autonomous database to increase the 'as-a-service' component in its offerings.
Segment revenues are derived from the sale of subscriptions for Oracle Cloud Services and product upgrades.
Segment revenues are derived from the sale of software licenses to be used on-premise or in the cloud.
Segment revenues are derived from the sale of hardware products and related software.
Segment revenues are derived from the sale of consulting and technical support services.
