Oracle (ORCL) 10-K Summary — Year Ended May 31, 2023
Oracle Corporation describes its business and reports a year of financial performance with revenue growth, though it experienced significant cash outflows for a major acquisition and capital returns. The filing highlights a negative working capital position and reduced cash reserves, and references risk factors in Item 1A.
Key takeaway
Year ended May 31, 2023 · FY2025 10-K
Oracle Corporation describes its business and reports a year of financial performance with revenue growth, though it experienced significant cash outflows for a major acquisition and capital returns. The filing highlights a negative working capital position and reduced cash reserves, and references risk factors in Item 1A.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$50B
Revenue reported for the fiscal year.
Operating income
$13.1B
Income from operations reported for the year.
Net income
$8.5B
Net income reported for the year.
Operating cash flow
$17.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2022 | $42.4B | n/a |
| May 31, 2023 | $50B | +17.7% |
Business overview
Oracle Corporation is a technology company that provides software and cloud services. During the fiscal year, it completed a major acquisition that significantly affected its liquidity and capital structure, as noted in the liquidity discussion.
Financial performance
Revenue increased compared to the prior year. Operating income and net income remained positive, and operating cash flow was strong.
Material risks
The filing references risk factors in Item 1A, but specific risks are not included in the supplied data. No detailed risk descriptions are available from the provided context.
Liquidity and capital
Working capital turned negative due to cash outflows for the acquisition, debt repayment, and shareholder returns, partially offset by borrowings and operating cash flow. Cash, cash equivalents, and marketable securities decreased substantially.
What to watch
Monitor the company's progress in restoring its cash position and integrating the recently acquired business.