ORCL Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2023-08-31), ORCL reported revenue of $12.5B, gross profit of $8.8B (71.0% gross margin), operating income of $3.3B, and net income of $2.4B (19.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ORCL was profitable; no comparable cached period is available.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus estimate data is not available for this report.
ORCL Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.5B | 100% |
| Cost of Revenue | −$3.6B | 29.0% |
| Gross Profit | $8.8B | 71.0% |
| Research & Development | −$2.2B | 17.8% |
| Selling, General & Administrative | −$2.4B | 19.4% |
| Other Operating Expenses | −$912M | 7.3% |
| Operating Income | $3.3B | 26.5% |
| Interest Expense | −$872M | 7.0% |
| Other Income, net | −$49M | 0.4% |
| Income Tax Expense | $45M | 0.4% |
| Net Income | $2.4B | 19.4% |
Source: original SEC filing (filed 2023-09-11). Accession 0000950170-23-047471. Data normalized by EarningsFyi.