The above graph represents Oracle net income by year, starting from fiscal 1990 to 2019. Oracle reported a whopping 209% YoY increase in its net income for fiscal 2019, bringing in $11,083 million ($11.1 billion) – the highest-ever annual profit in history. Compared to the previous quarter, the company generated only $3,587 million ($3.6 billion) in net income, due to the heavy loss of $4,047 million ($4 billion) in the third quarter of 2018.
|Source||Oracle Annual Reports, SEC Filings|
|Last Updated||01 August 2019|
|Note||Oracle Fiscal Year – June 1 to May 31|
As shown in the graph, fiscal 1991 was the only year in the last 29 years when Oracle reported an annual net loss of $12 million, despite a 12% YoY increase in its annual revenue. However, in 1992, the company posted nearly $62 million of net profit.
The fiscal year ending May 31, 2000, was the very first time when Oracle annual net income crossed $5 billion mark. The net profit increased to $6,297 million ($6.3 billion) in 2000, from $1,290 million ($1.3 billion) in 1999. That’s a massive 388% YoY increase. Surprisingly, over 78% or $4,912 million ($4.9 billion) came alone in the fourth quarter of 2000.
The company took 13 years to achieve another milestone of $10 billion net income. In fiscal 2013, Oracle net income clocked $10,925 million ($10.9 billion).
About Oracle Corporation: Additional Information
Oracle Corporation (NYSE: ORCL) is an American multinational technology company, headquarters in the Redwood Shores, California. On June 16, 1977, Oracle was co-founded by Larry Ellison, Bob Miner and Ed Oates under the name of Software Development Laboratories (SDL). Later in 1982, the company’s name changed to Oracle Systems Corporation, and, once again, Oracle Corporation in 1995.
On March 12, 1986, Oracle Systems Corporation initiated its initial public offering (IPO) of 2,100,000 shares, with an offering price of US$15.
Oracle is ranked at 81st position in the 2019 Fortune 500 list of companies. It is also the world’s second-largest software & programming company in terms of revenue, profit and market value, trailing behind Microsoft.
In October 1994, Oracle made its first official acquisition of Rdb division from DEC (Digital Equipment Corporation) – a relational database management system (now known as Oracle RDBMS). Oracle’s biggest acquisitions include PeopleSoft for $10.3 billion in 2005, NetSuite for $9.3 billion in 2016, BEA Systems for $8.5 billion in 2008, Sun Microsystem for $7.4 billion in 2010 and Siebel Systems for $5.85 billion in 2006.
The company has currently three businesses: Cloud and license business, hardware business and services business.
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