Oracle hits revenues of $40.5bn in FY2021 but cloud growth remains slow

Kelsey Rees
clock • 2 min read

The vendor posts strong growth, and teases that ‘things were about to change’ for its Oracle MySQL, after being dwarfed by the performance of its other database

Oracle has exceeded expectations and posted strong growth in its fiscal fourth quarter and fiscal full-year 2021 results. Revenues were up four per cent to $40.5bn (€33.8bn) for its fiscal FY2021, while GAAP operating income grew by nine per cent to $15.2bn (€12.7bn).  Quarterly revenues also rose eight per cent year on year to $11.2bn (€9.3bn), with GAAP operating income climbing five per cent to $4.5bn (€3.7bn).  The vendor's cloud services and license support figures accounted for...

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