Oracle net income 2005-2024

In its 2024 fiscal year, Oracle reported an annual net income of 10 billion U.S. dollars. This represents the company’s recovery from the slump of 2022.

Oracle Corporation

Oracle was founded by Larry Ellison in 1977, as a tech company primarily focused on relational databases. Today it ranks among the largest companies in the world in terms of market value and serves as the world’s most popular database management system provider. The company has been quick to incorporate cloud-based technology into its service offerings and, as of fiscal year 2021, its cloud services & license support segment accounts for more than seventy percent of overall revenues. In addition to being a record year for the company in terms of profits, FY2021 also marked a highly successful year in terms of overall revenue, as Oracle reported its second straight year where total revenues exceeded 40 billion U.S. dollars.

The fiscal year end of the company is May, 31^st.