Oracle Earnings – Q3 2022

Oracle Corporation
  • Total Revenue $10.5 billion, up 4% and up 7% in constant currency
  • Total Cloud Revenue (IaaS plus SaaS) of $2.8 billion, up 24% and up 26% in constant currency
  • Fusion ERP Cloud Revenue up 33% and up 35% in constant currency
  • NetSuite ERP Cloud Revenue up 27% and up 29% in constant currency

In Q3, Oracle delivered over 7% constant currency revenue growth—our highest quarterly organic revenue growth rate since we began our transition to the cloud. This strong top line growth was coupled with a solid non-GAAP constant currency operating profit growth of 4%, but the big story is that our overall revenue growth is being driven by both our rapidly growing Cloud Infrastructure and Cloud Applications businesses. Q3 Cloud Infrastructure revenue was up 47% in constant currency.  Q3 Cloud Applications growth was led by Fusion ERP, which was up 35% in constant currency and NetSuite ERP which was up 29% in constant currency. Total Cloud revenue which includes Cloud Infrastructure and Cloud Applications is now over $11 billion a year.

Safra Katz, CEO – Oracle Corporation
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Oracle Earnings – Q1 2022
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