NYSE$ORCL
Oracle Corporation · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Oracle's Q3 2024 financial results were announced, with revenue up 7% and non-GAAP EPS increasing by 16%.
Oracle announced its Q3 Fiscal Year 2024 results, revealing a 7% increase in total revenue, reaching $13.3 billion. Cloud revenue, encompassing IaaS and SaaS, grew by 25% to $5.1 billion. The company's total Remaining Performance Obligations increased by 29% to $80 billion.
- GAAP earnings per share was $0.85, while non-GAAP earnings per share increased by 16% to $1.41.
- Total revenue reached $13.3 billion, marking a 7% increase.
- Total Remaining Performance Obligations rose by 29% to $80 billion.
- Cloud revenue (IaaS plus SaaS) grew by 25% to $5.1 billion.
Headline financials
Revenue & EPS history
Oracle · Revenue · Quarterly
$13.3B
Revenue by segment
Oracle · $2.12B total across 2 segments · Q2 2024
- Services$1.37B-1.7%64.4%
- Hardware$756M-11.1%35.6%
Forward guidance
Oracle anticipates continued strong demand for its Gen2 AI infrastructure, with substantial contracts expected to drive future revenue growth. The company is focused on expanding its cloud datacenter capacity to meet this demand and expects its Gen2 Cloud Infrastructure business to maintain a hypergrowth phase.
Tailwinds
- Expects to continue receiving large contracts reserving cloud infrastructure capacity.
- Demand for Gen2 AI infrastructure substantially exceeds supply.
- Opening new and expanding existing cloud datacenters rapidly.
- 43% of current $80 billion RPO will be recognized as revenue over the next four quarters.
- Gen2 Cloud Infrastructure business will remain in a hypergrowth phase.
Headwinds
- No specific negative aspects were mentioned in the provided text.
- No specific negative aspects were mentioned in the provided text.
- No specific negative aspects were mentioned in the provided text.
- No specific negative aspects were mentioned in the provided text.
- No specific negative aspects were mentioned in the provided text.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
-0.1%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.4%
Avg return
30 days after
44%
32 / 73 earnings
Positive
+15.4%
Q2 2022
Best reaction
-13.2%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -2.4% | -0.4% | — | |
| Q3 2026 | -0.0% | +4.4% | -7.6% | |
| Q2 2026 | -4.2% | -15.4% | -11.0% | |
| Q1 2026 | +10.9% | +25.1% | +21.3% | |
| Q4 2025 | +2.7% | +3.7% | +5.7% | |
| Q3 2025 | -3.1% | +0.3% | -10.4% | |
| Q2 2025 | -7.3% | -9.5% | -14.9% | |
| Q1 2025 | +9.9% | +14.3% | +25.7% | |
| Q4 2024 | +12.8% | +10.9% | +14.7% | |
| Q3 2024 | +13.4% | +11.7% | +8.3% | |
| Q2 2024 | -11.3% | -9.1% | -8.5% | |
| Q1 2024 | -13.2% | -9.8% | -13.2% | |
| Q4 2023 | +6.2% | +14.2% | +5.6% | |
| Q3 2023 | -5.0% | -4.4% | +8.4% | |
| Q2 2023 | +0.9% | -0.4% | +10.9% | |
| Q1 2023 | +0.2% | -9.3% | -16.0% | |
| Q4 2022 | +5.3% | -1.6% | +7.9% | |
| Q3 2022 | +2.3% | +5.9% | +6.4% | |
| Q2 2022 | +15.4% | +12.3% | -1.6% | |
| Q1 2022 | -3.7% | -3.7% | +7.5% | |
| Q4 2021 | -6.7% | -7.7% | +4.4% | |
| Q3 2021 | -7.2% | -6.8% | +4.0% | |
| Q2 2021 | +1.5% | +3.6% | +6.1% | |
| Q1 2021 | +0.1% | +7.0% | +7.4% | |
| Q4 2020 | -3.2% | +2.2% | +4.8% | |
| Q3 2020 | +7.2% | +4.8% | +18.9% | |
| Q2 2020 | -3.2% | -6.2% | -3.3% | |
| Q1 2020 | -2.8% | -4.2% | +2.6% | |
| Q4 2019 | +7.7% | +7.3% | +8.8% | |
| Q3 2019 | -0.2% | +1.8% | +2.7% | |
| Q2 2019 | -1.6% | -5.6% | +3.1% | |
| Q1 2019 | -0.4% | +3.8% | -2.8% | |
| Q4 2018 | -8.0% | -5.2% | +4.1% | |
| Q3 2018 | -10.0% | -14.3% | -9.9% | |
| Q2 2018 | -3.5% | -4.5% | -1.1% | |
| Q1 2018 | -7.7% | -9.0% | -7.9% | |
| Q4 2017 | +9.7% | +11.0% | +10.8% | |
| Q3 2017 | +6.9% | +5.7% | +2.8% | |
| Q2 2017 | -4.4% | -4.6% | -4.0% | |
| Q1 2017 | -3.3% | -2.9% | -4.6% | |
| Q4 2016 | +3.2% | +4.0% | +8.7% | |
| Q3 2016 | +3.9% | — | — | |
| Q2 2016 | -3.3% | — | — | |
| Q1 2016 | -3.3% | — | — | |
| Q4 2015 | -4.3% | — | — | |
| Q3 2015 | +1.7% | — | — | |
| Q2 2015 | +11.6% | — | — | |
| Q1 2015 | -3.3% | — | — | |
| Q4 2014 | -4.6% | — | — | |
| Q3 2014 | +0.9% | — | — | |
| Q2 2014 | +8.8% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | -11.6% | — | — | |
| Q3 2013 | -9.5% | — | — | |
| Q2 2013 | +5.5% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | -1.2% | — | — | |
| Q2 2012 | -10.0% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q4 2011 | +2.7% | — | — | |
| Q3 2011 | +1.5% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q1 2011 | -1.3% | — | — | |
| Q4 2010 | +1.7% | — | — | |
| Q4 2008 | +1.7% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q3 2009 | -0.6% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q2 2009 | -1.0% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q1 2009 | -1.0% | — | — | |
| Q4 2009 | -1.0% | — | — |
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