Oracle (ORCL) Revenue — Quarter Ended Feb 29, 2024
Revenue increased compared to the prior quarter and rose relative to the same quarter last year. The sequential growth was smaller than the year-over-year gain.
Key takeaway
Quarter ended Feb 29, 2024 · FY2024 Q3
Revenue increased compared to the prior quarter and rose relative to the same quarter last year. The sequential growth was smaller than the year-over-year gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.3B
Revenue reported for this quarter.
Quarter-over-quarter
+2.6%
Change from the immediately preceding quarter.
Year-over-year
+7.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$52.5B
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, 2023 | $13.8B | -67.4% |
| Aug 31, 2023 | $12.5B | +8.8% |
| Nov 30, 2023 | $12.9B | +5.4% |
| Feb 29, 2024 | $13.3B | +7.1% |
Revenue performance
The reported revenue for the quarter was higher than the immediately preceding quarter, continuing an upward trajectory from the prior period.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was higher, reflecting a larger percentage increase than the sequential change. The trailing twelve-month revenue also showed an increase over the prior fiscal year end.
What to watch
The sequential revenue growth rate was notably lower than the year-over-year rate, which may warrant monitoring in future quarters.