(CercleFinance.com) – Oracle published Monday evening adjusted EPS (non-GAAP) up 16% to $1.41 for its third quarter 2023-24 (ended at the end of February), with an operating margin adjusted for an improvement to 44% compared to 42% a year earlier.
The enterprise software publisher’s revenues increased 7% to $13.3 billion (in constant dollars and currencies), including cloud revenues (infrastructure and applications ‘as a service’) up 25%. % to 5.1 billion.
“Significant new cloud infrastructure contracts signed in the third quarter pushed Oracle’s total remaining performance obligations up 29% to more than $80 billion, an all-time high,” said CEO Safra Catz.
“We expect to continue to receive significant cloud infrastructure capacity reservation contracts as demand for our Gen2 AI infrastructure significantly exceeds supply, despite our capacity expansion very rapidly,” he said. she continued.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
