The 2024 fiscal year marked a slight increase in Oracle Corporation’s research and development spending, the yearly total climbing to 8.9 billion U.S. dollars from the 6.5 figure recorded in 2021. Following years of dramatically expanding R&D budgets, the company seems to have slowed R&D budget expansion and stabilized the figure at around seven to eight billion.
Oracle
Founded in 1977, Oracle is a tech company primarily focused on relational database technology. Today, Oracle ranks among the largest companies in the world in terms of market value and serves as the world’s most popular database management system provider. In addition to its investment into R&D, the company is also known for its use of acquisitions to promote growth, with high profile purchases including Sun Microsystems, PeopleSoft, and NetSuite.
Research and Development spending
As one of the largest software and computer services companies, Oracle is also among the biggest R&D spenders. However, many of the company’s peers tend to spend far more on R&D, with Alphabet, Microsoft, and Facebook all spending well over ten billion euros in 2019/20.
Oracle's research & development spending between FY2005 and FY2024 (in million U.S. dollars)*
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Oracle. (June 20, 2024). Oracle's research & development spending between FY2005 and FY2024 (in million U.S. dollars)* [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
Oracle. "Oracle's research & development spending between FY2005 and FY2024 (in million U.S. dollars)*." Chart. June 20, 2024. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
Oracle. (2024). Oracle's research & development spending between FY2005 and FY2024 (in million U.S. dollars)*. Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
Oracle. "Oracle's Research & Development Spending between Fy2005 and Fy2024 (in Million U.S. Dollars)*." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
Oracle, Oracle's research & development spending between FY2005 and FY2024 (in million U.S. dollars)* Statista, https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/ (last visited November 09, 2024)
Oracle's research & development spending between FY2005 and FY2024 (in million U.S. dollars)* [Graph], Oracle, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/236990/research-and-development-spending-at-oracle/
