Principal Analyst | Strategic Advisor | Mentor - Application Platforms, Developer Services
ORCL announced their Q4 earnings and Full Year 2024 Results today. While the high-level financials were a bit off, the underlying data and news was very impressive. Which was validated by some big jumps in after-hours trading. Some highlights. 1) The cloud business (both infrastructure and apps) grew significantly. What was interesting was how much of that growth came from AI workloads including a new partnership with OpenAI. Larry Ellison says that the value prop was all about performance which reduces the time and cost to train models. So Oracle is able to compete on cost in a new tech are that is booming. 2) Also notable was not just revenue from the Oracle OCI and SaaS businesses but also great results from Oracle services running on other clouds. For instance, Oracle DB on Azure and also now Google which was also announced today. 3) Even though it is only 11 days into Oracle new fiscal year, it was very upbeat about the next 12-month forecast. This was due to high pipeline growth combined with increased capacity to deliver, as they brought even more data centers online globally. A lot of tech companies are having tough years. This is especially in areas where Oracle competes. It seems that Oracle has found a way to keep winning.
