Oracle (ORCL) Revenue — Quarter Ended Aug 31, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Aug 31, 2023 · FY2024 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter. However, revenue increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.5B
Revenue reported for this quarter.
Quarter-over-quarter
-10.0%
Change from the immediately preceding quarter.
Year-over-year
+8.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$51B
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 |
|---|---|---|
| Nov 30, 2022 | $12.3B | +18.5% |
| Feb 28, 2023 | $12.4B | +17.9% |
| May 31, 2023 | $13.8B | -67.4% |
| Aug 31, 2023 | $12.5B | +8.8% |
Revenue performance
The reported revenue reflects a decline from the prior quarter. The sequential drop is consistent with typical seasonal patterns, though the filing context does not specify the cause.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Compared to the same quarter one year earlier, revenue increased.
What to watch
Monitor whether the sequential revenue decline reverses in the next quarter.