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Oracle's net income 2005-2020

In its 2020 fiscal year, Oracle reported an annual net income of 10.14 billion U.S. dollars. The 2019 figure represents the company’s highest net income of all time and an increase of over seven billion dollars compared to 2018, when the company’s net income was unfavourably impacted by the one-time effects of the U.S. Tax Cuts and Jobs Act of 2017. Net income serves as a measure of a company’s overall profitability.

Oracle Corporation

Oracle was founded by Larry Ellison in 1977, as a tech company primarily focused on relational databases. Today it 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. The company has been quick to incorporate cloud-based technology into its service offerings and, as of 2019, its cloud services & license support segment accounts for more than fifty percent of overall revenues. In addition to being a record year for the company in terms of profits, 2019 also marked a highly successful year in terms of overall revenue, as Oracle reported its second straight year where total revenues exceeded 39 billion U.S. dollars.

Oracle's net income from FY2005 to FY2020

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Source

Release date

June 2020

Region

Worldwide

Survey time period

2005 to 2020

Supplementary notes

Fiscal year ends May 31 of each year.

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