Oracle Corp Japan (OCLCF) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. I'm Nishio from Nihon Oracle IR. From now on, Nihon Oracle will hold the 3rd quarter financial statement meeting in May 2024. The disclaimer is as described in the mid-term report of the short-term financial statement and the financial statements. Today, I will explain the financial statements of the time from the executive officer, CFO S. Krishna Kumaru, and then take questions from everyone using the Zoom service function in the text. Now, I'd like to turn this call over to KK, Senior Vice President, JPEG, and Japan CFO. Thank you, Nishio-san. First of all, let me apologize. I have a bad throat, but I'll try and be as clear as possible. Good afternoon, everyone, and welcome to Oracle Japan's third quarter fiscal year 2024 earnings call. Our cloud business has been a driver of accelerating revenue growth, and we had another excellent performance this Q3. We have become the enterprise technology cloud vendor of choice because our customers have recognized our products and services, bring out their cost efficiencies and modernize their businesses. Also, They figured out that they can get more while paying less by moving to our cloud services. We are also a vendor that is selected among enterprise technology vendors, and we feel that if customers use products and services from Oracle, they will be able to monetize the cost efficiency or the business itself. Also, even if the price is lowered, We had a lot of marquee cloud customers in various industries, especially financial services, manufacturing, public sector, etc. Let me give you a few examples. HID has over 40 years of experience in providing services to municipalities and offer a comprehensive administrative system that include resident record and welfare related operations, which are subject to...