Oracle Corporation said revenue grew 9% to US$14.1 billion (A$22 billion) in the second quarter (Q2) of the 2025 fiscal year.
The company, founded in 1977 by Larry Ellison, said cloud services and license support revenue increased 12% to $10.8 billion while cloud licence and on-premise licence revenue edged up 1% to $1.2 billion.
Non-GAAP net income grew 12% to $4.2 billion, GAAP earnings per share (EPS) surged 24% to $1.10 while non-GAAP EPS were 10% higher at $1.47.
Oracle CEO Safra Catz said record artificial intelligence (AI) demand drove Oracle Cloud Infrastructure revenue up 52% in Q2, which was a “much higher growth rate” than any of its hyperscale cloud infrastructure competitors.
Catz said “growth in the AI segment of our Infrastructure business was extraordinary” with GPU consumption up 336% in the quarter and Oracle delivered the world’s largest and fastest AI SuperComputer.
“With our remaining performance obligation (RPO) up 50% to $97 billion, we believe our already impressive growth rates will continue to climb even higher. This fiscal year, total Oracle Cloud revenue should top $25 billion,” Catz said in a statement.
Prior to the announcement Oracle (NYSE: ORCL) shares had closed at $190.45, down $1.24 (0.7%), after trading between $188.93 and a 52 week high of $198.31, which capitalises the company at $527.8 billion.
Founded in 1977 by Ellison, Bob Miner, and Ed Oates, Oracle has become one of the largest software companies in the world, specialising in developing and marketing database software, cloud-engineered systems, and enterprise software products.