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Oracle Corp reports $10.5 billion annual profit for 2024
By USinMinutes - Aug 10, 2024, 03:22 AM ET
Last Updated - Aug 29, 2024, 02:53 AM EDT
Company generates $53 billion in revenue
Oracle Corp [ORCL] has reported $10.5 billion in profit for 2024, an increase of $2 billion from the previous year, according to a filing at the SEC.
The Austin, Texas-based company operating in the Services field recorded revenue of $53 billion , an increase of 6.019537974936942, or $3 billion, from the previous year.
Oracle reported $53 billion in annual revenue.The diluted earnings per share rose by 20.84690553745929 percent to $3.7 when compared to the EPS of $3.1 the previous year.The company reported 164,000 employees generating 322932926.8292683 revenue per employee for 2024.
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