Oracle reported financial performance for the first quarter of the fiscal year 2025, ending in August. Total revenue stood at $13.307 billion, marking a 7% increase compared to the same period in the previous year. Net income according to GAAP accounting was $2.929 billion.
Revenue from all cloud businesses (IaaS plus SaaS) increased by 21% to $5.623 billion, with IaaS reaching $2.2 billion (up by 45%) and SaaS at $3.5 billion (up by 10%). Deferred revenue, not yet recognized as income, rose to $9.9 billion.
Safra Catz, CEO of Oracle, highlighted the significant growth in company profits, driven by the cloud services sector, which now stands as the largest revenue contributor. Backlog increased by 53%, and Oracle recently struck a multi-cloud agreement with AWS, combining the latest technology and the 23ai database for use on AWS.
Larry Ellison, Chairman and CTO of Oracle, mentioned the expansion of Oracle’s data centers to a total of 162 worldwide. In the previous quarter, there were 42 agreements for GPU cloud usage, totaling $3 billion. Additionally, Oracle has multi-cloud agreements with Microsoft and Google, with 7 Oracle Cloud services on Microsoft and 24 in progress, along with 4 on Google and 14 in development.
TLDR: Oracle’s first-quarter financial report for 2025 showed a 7% increase in total revenue, driven by significant growth in cloud services, with notable agreements with AWS, Microsoft, and Google, showcasing Oracle’s expanding presence in the cloud computing industry.
Leave a Comment