ORCL Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2023-11-30), ORCL reported revenue of $12.9B, gross profit of $9.2B (71.1% gross margin), operating income of $3.6B, and net income of $2.5B (19.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
ORCL was profitable; revenue grew 3.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.9% | +3.4% | −0.1 pp |
Consensus estimate data is not available for this report.
ORCL Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $12.9B | 100% |
| Cost of Revenue | −$3.7B | 28.9% |
| Gross Profit | $9.2B | 71.1% |
| Research & Development | −$2.2B | 17.2% |
| Selling, General & Administrative | −$2.5B | 19.1% |
| Other Operating Expenses | −$885M | 6.8% |
| Operating Income | $3.6B | 28.0% |
| Interest Expense | −$888M | 6.9% |
| Other Income, net | −$14M | 0.1% |
| Income Tax Expense | −$217M | 1.7% |
| Net Income | $2.5B | 19.3% |
Source: original SEC filing (filed 2023-12-11). Accession 0000950170-23-069410. Data normalized by EarningsFyi.