Oracle (ORCL) Revenue — Quarter Ended Feb 28, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The year-over-year growth was stronger than the sequential increase.
Key takeaway
Quarter ended Feb 28, 2023 · FY2023 Q3
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The year-over-year growth was stronger than the sequential increase.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.4B
Revenue reported for this quarter.
Quarter-over-quarter
+1.0%
Change from the immediately preceding quarter.
Year-over-year
+17.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$78.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2022 | $42.4B | +4.8% |
| Aug 31, 2022 | $11.4B | +17.7% |
| Nov 30, 2022 | $12.3B | +18.5% |
| Feb 28, 2023 | $12.4B | +17.9% |
Revenue performance
The reported revenue was higher than the immediately preceding quarter, indicating continued expansion. The comparison with the same quarter a year earlier showed a more substantial rise.
Quarterly comparison
Sequentially, revenue rose slightly from the prior quarter. On an annual basis, the increase was more pronounced.
What to watch
The pace of sequential revenue growth may warrant attention given the larger year-over-year gain.