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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
Oracle Corp reports $10.5 billion annual profit for 2024

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.

Dollars in millions
May 31, 2024    Feb 29, 2024    Nov 30, 2023    Aug 31, 2023   

Income Statement

Revenue $52,961.0  $13,280.0  $12,941.0  $12,453.0 
Operating Profit $15,353.0  $3,750.0  $3,622.0  $3,296.0 
Net Income $10,467.0  $2,401.0  $2,503.0  $2,420.0 
Net Cash $689.0  -$284.0  -$1,521.0  $1,848.0 
Gross Margin $52,961.0       
Operating Margin $0.0  $0.0  $0.0  $0.0 
Profit as % of Revenues505.98       
Profit as % of Assets10.79 1.77 1.86 1.79 
Profit as % of Stockholder Equity113.29 38.84 57.17 85.18 
Return on Equity113.29 7.51 4.96 85.18 
Return on Assets7.42 0.34 0.16 1.77 
Turnover Ratio54.62 0.10 0.10 0.09 
EBITA$18,363.0 $0.0 $0.0 $0.0 

Balance Sheet

Total Assets $140,976.0  $137,082.0  $134,324.0  $136,662.0 
Total Liabilities $131,737.0  $130,900.0  $129,946.0  $133,821.0 

Cash Flow Statement

Operating Cash Flow $18,673.0  $12,592.0  $7,117.0  $6,974.0 
Investing Cash Flow -$7,360.0  -$4,594.0  -$2,811.0  -$1,562.0 
Financing Cash Flow -$10,554.0  -$8,280.0  -$5,817.0  -$3,528.0 
 
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