Oracle: revenue by segment 2008-2024

Oracle’s cloud services and license support division is the company’s most profitable business segment, bringing in over 39 billion U.S. dollars in its 2024 fiscal year. In that year, Oracle brought in annual revenue of close to 52 billion U.S. dollars, its highest revenue figure to date.

Oracle Corporation

Oracle was founded by Larry Ellison in 1977 as a tech company primarily focused on relational databases. Today, Oracle 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. Oracle’s success is not only reflected in its booming sales figures, but also in its growing number of employees: between fiscal year 2008 and 2021, Oracle’s total employee number has grown substantially, increasing from around 84,000 to 132,000.

Database market

The global database market reached a size of 65 billion U.S. dollars in 2020. Database Management Systems (DBMSs) provide a platform through which developers can organize, update, and control large databases, with products like Oracle, MySQL, and Microsoft SQL Server being the most widely used in the market.