Oracle (ORCL) 10-K Summary — Year Ended May 31, 2024
Oracle Corporation filed its annual report for the fiscal year. The company reported revenue growth and maintained strong cash flows.
Key takeaway
Year ended May 31, 2024 · FY2026 10-K
Oracle Corporation filed its annual report for the fiscal year. The company reported revenue growth and maintained strong cash flows.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$53B
Revenue reported for the fiscal year.
Operating income
$15.4B
Income from operations reported for the year.
Net income
$10.5B
Net income reported for the year.
Operating cash flow
$18.7B
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% |
| May 31, 2024 | $53B | +6.0% |
Business overview
The filing includes a business overview section, but the provided excerpt does not contain detailed operational descriptions. No specific products or services are described in the supplied context.
Financial performance
Revenue increased compared to the prior year, though the pace of growth slowed relative to the previous period. Operating income and net income remained positive. Operating cash flow exceeded net income.
Material risks
The filing identifies risk factors under Item 1A, but the supplied context does not include the detailed risk descriptions. No specific risks can be extracted from the provided information.
Liquidity and capital
Working capital decreased due to long-term debt reclassified as current liabilities and cash used for dividends, capital expenditures, and share repurchases. Cash and equivalents increased primarily from operating cash flows, partially offset by those uses.
What to watch
Monitor the company's debt maturity profile and its impact on liquidity in the next filing.