Oracle (ORCL) Revenue — Quarter Ended Nov 30, 2023
Revenue increased in the quarter, driven by growth in cloud and license revenues. The company reported a rise from both the preceding quarter and the same quarter last year.
Key takeaway
Quarter ended Nov 30, 2023 · FY2024 Q2
Revenue increased in the quarter, driven by growth in cloud and license revenues. The company reported a rise from both the preceding quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.9B
Revenue reported for this quarter.
Quarter-over-quarter
+3.9%
Change from the immediately preceding quarter.
Year-over-year
+5.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$51.6B
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 |
|---|---|---|
| Feb 28, 2023 | $12.4B | +17.9% |
| May 31, 2023 | $13.8B | -67.4% |
| Aug 31, 2023 | $12.5B | +8.8% |
| Nov 30, 2023 | $12.9B | +5.4% |
Revenue performance
Revenue for the quarter was higher than the immediately preceding quarter, continuing an upward trend.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also increased, indicating sustained year-over-year growth.
What to watch
Working capital turned more negative, partly due to reclassification of long-term debt and cash usage for dividends and repurchases.