Q4 2024 Oracle Corp Earnings Call Transcript
Key Points
- Oracle Corp (ORCL) signed the largest sales contracts in its history, driven by high demand for cloud services.
- Remaining Performance Obligations (RPO) increased to $98 billion, up 44% year-over-year.
- Total cloud revenue, excluding Cerner, was $4.7 billion, up 23%; including Cerner, it was $5.3 billion, up 20%.
- Non-GAAP operating income was $6.7 billion, up 9% from last year, with an operating margin of 47%.
- Oracle Corp (ORCL) announced a new multi-cloud partnership with Google, expanding its cloud service offerings.
- Currency headwinds negatively impacted total revenue by 1% and EPS by $0.01.
- Software license revenues were down 14% to $1.8 billion, reflecting a shift towards cloud services.
- Gross margin for cloud services and license support was 77%, affected by the faster growth of cloud compared to support.
- CapEx for fiscal year 2025 is expected to double compared to fiscal year 2024, indicating higher future expenditures.
- The company decided to exit the advertising business, which had declined to about $300 million in revenue for fiscal year 2024.
Good day, everyone, and welcome to Oracle's fourth-quarter 2024 earnings call. Today's call is being recorded. And now, I would like to turn the conference over to Ken Bond. Please go ahead.
Thank you, Krista. Good afternoon, everyone, and welcome to Oracle's fourth-quarter and fiscal year 2024 earnings conference call. A copy of the press release and financial tables, which includes a GAAP to non-GAAP reconciliation and other supplemental financial information, can be viewed and downloaded from our Investor Relations website.
Additionally, a list of many customers who purchased Oracle Cloud services or went live on Oracle Cloud recently will be available from the Investor Relations website.
On the call today are Chairman and Chief Technology Officer, Larry Ellison; and Chief Executive Officer, Safra Catz. As a reminder, today's discussion will include forward-looking statements, including predictions, expectations, estimates, or other information that might be considered
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
