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 software industry 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.
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.