Oracle Corporation (ORCL) reported revenues of $53 billion for fiscal 2024, with total cloud services and license support revenue reaching $39.4 billion. A $1,000 investment in Oracle made in September 2014 would be worth approximately $3,402.12 by September 2, 2024, reflecting a gain of 240.21%, significantly outperforming the S&P 500’s gain of 181.94% during the same period.
Oracle has been expanding its cloud computing operations, driven by strong adoption of its cloud infrastructure and applications, such as the NetSuite ERP and Fusion ERP offerings. For fiscal 2025, analysts expect a 7.5% growth in net sales, despite competitive pressures and increasing spending on product enhancements.
In the past month, Oracle’s shares have increased by 6.01%, alongside two upward revisions in the earnings estimates for fiscal 2024, indicating positive market sentiment.
