Oracle
ORCLQ4 2023(ORCL Q2 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$3.4B
AI Revenue (Q)
$265.6M
Total Revenue (Q)
$13.3B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 (Sep-Nov 2023): Total revenue $12,941M. Cloud and license revenues continued growing. Cloud services and license support was approximately $9,639M. Oracle began receiving more attention for OCI AI capabilities as enterprises explored alternatives to AWS/Azure/GCP for GPU compute. The filing does not break out OCI or AI-specific revenue. PP&E grew from $17,069M to $18,009M, suggesting ongoing data center investment. Conservative estimate: ~$259M AI revenue / $12,941M total = 2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Cloud services and license support $9,639
Income Statement, 10-Q Nov 2023
Total revenues $12,941 (for Q2 FY2024)
Income Statement, 10-Q Nov 2023
AI Products Identified (Ring 1)
OCI GPU ComputeOCI Supercluster
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Oracle Cloud InfrastructureOracle Autonomous DatabaseOCI AI Services
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix