Oracle Announces Strong Growth with 21% Increase in Net Profit for Q1 2025
Oracle Achieves Impressive Revenue Growth of 7% in Q1 2025, Demonstrates Market Leadership
Oracle Corporation [ORCL] reported a strong performance in the first quarter of fiscal 2025, ending on August 31. The company posted a net profit of $2.9 billion for the quarter, showcasing a notable increase from the previous quarter's figures.
The company, headquartered in Austin, Texas, reported to SEC in an 8-K filing $1.03 earnings per share in the quarter, compared to $0.86 in the previous quarter.
Oracle Corporation, a prominent player in the technology sector, reported total revenues of $13.3 billion. This figure represents a 7% increase compared to the previous quarter's revenue.
In comparison to the same quarter in the previous year, Oracle Corporation's revenue for the current quarter showed a 6% increase, reaching $13.3 billion. Additionally, the company experienced a 21% growth in net profit for the current quarter when compared to the same quarter in the previous year, reporting a net profit of $2.9 billion.
As of September 6, 2024 end of day trading.
