Oracle Corporation Presents Strong Q3 2024 Results and Future Growth Prospects
Tuesday, 12 March 2024, 00:30
Oracle (ORCL) Q3 2024 Earnings Call Highlights:
- Revenue acceleration and growth in cloud services
- Successful infrastructure cloud business driving revenue
- Focus on AI capabilities, deployment flexibility, and multi-cloud offerings
Key Financial Results:
- Total revenue for Q3 2024 reached 13.3 billion, up 7%
- Cloud revenue, excluding Cerner, up 24% at 5.1 billion
- Operating margin increased to 44%
Oracle's strong performance in Q3 2024 underscores its position as a leader in the cloud services market, with a strategic focus on customer needs and innovative solutions.
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