Over the past decade, Oracle Corporation’s annual revenue has grown from around 22 billion U.S. dollars to over 42 billion, with fiscal year 2022 marking one of the company’s highest revenue figures to date. The company’s cloud services and license support segment is its biggest earner, accounting for more than half of its overall revenues.
Like Oracle, many of the world’s largest technology companies have begun to dedicate significant portions of their resources towards the development of cloud computing platforms and services. Cloud computing allows customers to make use of storage and computing resources without the need for physical server equipment. The public cloud computing market brings in hundreds of billions of dollars’ worth of revenue each year, and being a relatively new technology, shows no signs of slowing down.
Oracle's revenue from FY2005 to FY2022
(in billion U.S. dollars)
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Oracle. (June 21, 2022). Oracle's revenue from FY2005 to FY2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 02, 2022, from https://www.statista.com/statistics/269722/oracle-revenue-since-2005/
Oracle. "Oracle's revenue from FY2005 to FY2022 (in billion U.S. dollars)." Chart. June 21, 2022. Statista. Accessed July 02, 2022. https://www.statista.com/statistics/269722/oracle-revenue-since-2005/
Oracle. (2022). Oracle's revenue from FY2005 to FY2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 02, 2022. https://www.statista.com/statistics/269722/oracle-revenue-since-2005/
Oracle. "Oracle's Revenue from Fy2005 to Fy2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 21 Jun 2022, https://www.statista.com/statistics/269722/oracle-revenue-since-2005/
Oracle, Oracle's revenue from FY2005 to FY2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/269722/oracle-revenue-since-2005/ (last visited July 02, 2022)