In its 2022 fiscal year, Oracle reported an annual net income of 6.7 billion U.S. dollars. This represents the company’s lowest net income from 2019 and a decrease of over six billion dollars compared to 2021.
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 fiscal year 2021, its cloud services & license support segment accounts for more than seventy percent of overall revenues. In addition to being a record year for the company in terms of profits, FY2021 also marked a highly successful year in terms of overall revenue, as Oracle reported its second straight year where total revenues exceeded 40 billion U.S. dollars.
Oracle's net income from FY2005 to FY2022
(in million U.S. dollars)
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Oracle. (June 21, 2022). Oracle's net income from FY2005 to FY2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved September 30, 2022, from https://www.statista.com/statistics/269724/oracle-net-income-since-2005/
Oracle. "Oracle's net income from FY2005 to FY2022 (in million U.S. dollars)." Chart. June 21, 2022. Statista. Accessed September 30, 2022. https://www.statista.com/statistics/269724/oracle-net-income-since-2005/
Oracle. (2022). Oracle's net income from FY2005 to FY2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: September 30, 2022. https://www.statista.com/statistics/269724/oracle-net-income-since-2005/
Oracle. "Oracle's Net Income from Fy2005 to Fy2022 (in Million U.S. Dollars)." Statista, Statista Inc., 21 Jun 2022, https://www.statista.com/statistics/269724/oracle-net-income-since-2005/
Oracle, Oracle's net income from FY2005 to FY2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/269724/oracle-net-income-since-2005/ (last visited September 30, 2022)