Oracle (ORCL) shares sinks 9% after Q2 guidance update

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Oracle Announces Fiscal 2024 First Quarter Financial Results

September 11, 2023 4:05 PM EDT

Q1 GAAP Earnings per Share $0.86, Non-GAAP Earnings per Share $1.19Q1 Total Revenue $12.5 billion, up 9% in USD, up 8% in constant currencyQ1 Cloud Revenue (IaaS plus SaaS) $4.6 billion, up 30% in USD, up 29% in constant currencyQ1 Cloud Infrastructure (IaaS) Revenue $1.5 billion, up 66% in USD, up 64% in constant currencyQ1 Cloud Application (SaaS) Revenue $3.1 billion, up 17% in USD, up 17% in constant currencyQ1 Fusion Cloud ERP (SaaS) Revenue $0.8 billion, up 21% in USD, up 20% in constant currencyQ1 NetSuite Cloud... More