Oracle generated over $42.4 billion in revenue in 2022, compared to $nearly $40.5 billion in 2021 and $39 billion in 2020.
Oracle is a behemoth in the softwareindustry which successfully transitioned from on-premise software (A key paradigm until the 2010s) to the cloud, which today represents most of its revenue.
Cloud revenue comprises services and license support.
Oracle generated about $36 billion in cloudrevenue in 2022 compared to over $33 billion in 2021, and over $32 billion in 2020.
Larry Ellison is the company’s primary shareholder, making him a billionaire and one of the wealthiest people in the world.
He is a mythological figure in Silicon Valley, a very close friend of Steve Jobs, a mentor of Salesforce’s founder Marc Benioff, and invested in Tesla in the early days.
While Larry Ellison is a shareholder in various tech companies (such as Tesla), his primary wealth comes from his ownership stake in the company he founded, Oracle. He owns almost 43% of the company’s stock, valued at over $100 billion, making him among the wealthiest people on earth.
Oracle’s main shareholder is founder Larry Ellison, which owns almost 43% of the company’s stocks—followed by Chief Executive Officer of Oracle, Safra A. Catz. Other individual shareholders comprise executive vice president and chief corporate architect Edward Screven and vice chairman Jeffrey Henley. The top institutional investor is The Vanguard Group, with 5.3% of the company’s stock.
Oracle is a behemoth software company founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates. The company followed the on-premise softwaremodel but mostly successfully transitioned to the cloudmodel. In fact, by 2022, cloud services represented most of its revenues. Indeed its lineup of software products comprises MySQL, Java, Middleware, Oracle Linux, and many others.
In 2022, Oracle generated over 70% of its revenue from cloud services. Indeed, in 2022, Oracle generated over $30 billion from cloud services, nearly $5.9 billion from the cloud and on-premise licenses, almost $3.2 billion from hardware, and $3.2 billion from services.
Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
