Oracle Corporation reported significant financial performance for the three and nine months ended February 28, 2025, with total revenues reaching $14.13 billion for the third quarter, a 6% increase from $13.28 billion in the same period last year. For the nine months, revenues rose to $41.50 billion, up 7% from $38.67 billion. The company's net income for the third quarter was $2.94 billion, translating to earnings per share of $1.02, compared to $2.40 billion and $0.85 per share in the prior year. For the nine-month period, net income increased to $9.02 billion from $7.32 billion, with earnings per share rising to $3.15 from $2.60.
The growth in revenue was primarily driven by the cloud services and license support segment, which generated $11.01 billion in the third quarter, a 10% increase year-over-year. This segment accounted for 78% of total revenues, reflecting a shift towards cloud-based offerings. However, hardware revenues declined by 7% to $703 million in the third quarter, and services revenues decreased by 1% to $1.29 billion, indicating challenges in those areas. The company attributed the decline in hardware sales to a strategic focus on cloud infrastructure technologies.
In terms of operational developments, Oracle's cloud services customer base continued to expand, with a notable increase in cloud service adoption rates. The company reported a total of $130.2 billion in remaining performance obligations, with approximately 31% expected to be recognized as revenue over the next twelve months. Additionally, Oracle's workforce increased, with employee headcount rising to support its growing cloud operations. The company also announced a quarterly cash dividend of $0.50 per share, reflecting a commitment to returning value to shareholders.
Looking ahead, Oracle's management expressed optimism about continued revenue growth, particularly in the cloud services segment, driven by increasing customer demand and the expansion of its cloud infrastructure. The company plans to invest in research and development to enhance its offerings and maintain its competitive edge. However, it also acknowledged potential challenges, including market conditions and the need to manage operational costs effectively. Overall, Oracle's strategic focus on cloud services and ongoing investments in technology position it well for future growth.
About ORACLE CORP
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