Oracle (ORCL) Revenue — Quarter Ended May 31, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, relative to the same quarter one year earlier, revenue declined sharply.
Key takeaway
Quarter ended May 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter. However, relative to the same quarter one year earlier, revenue declined sharply.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.8B
Revenue reported for this quarter.
Quarter-over-quarter
+11.6%
Change from the immediately preceding quarter.
Year-over-year
-67.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$50B
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 |
|---|---|---|
| Aug 31, 2022 | $11.4B | +17.7% |
| Nov 30, 2022 | $12.3B | +18.5% |
| Feb 28, 2023 | $12.4B | +17.9% |
| May 31, 2023 | $13.8B | -67.4% |
Revenue performance
The reported revenue moved upward from the prior quarter, extending the pattern seen in earlier periods of the fiscal year.
Quarterly comparison
When set against the same quarter a year ago, the revenue figure was significantly lower. In contrast, the sequential comparison shows a positive direction, consistent with the growth observed in each of the preceding quarters of the fiscal year.
What to watch
The sharp year-over-year decline contrasts with the steady sequential growth, and no explanation is provided in the filing context for this divergence.