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Oracle's quarterly revenue beats estimates as AI boom drives cloud demand
Cloud revenue climbed 62% to $11.6 billion as Oracle booked more than $30 billion in new AI contracts and lifted its long-term profit outlook.
- Oracle shares jumped 7% in extended trading on Thursday after the software vendor reported adjusted earnings of $1.92 per share and revenue of $19.35 billion, both exceeding analyst expectations.
- Cloud infrastructure revenue more than doubled to $7.4 billion while total cloud revenue soared 62% to $11.6 billion, as Oracle delivered 850 megawatts of data center capacity during the quarter.
- Software revenue fell 3% to $5.5 billion, missing StreetAccount's $5.61 billion consensus, though Oracle secured a Pentagon contract worth up to $7 billion over a decade.
- But Oracle carries $125 billion in debt with negative free cash flow since last year, constraining its financial flexibility despite the earnings beat; shares have dropped 22% this year.
- For fiscal 2027, Oracle projects $8.10 in adjusted earnings per share on at least $90 billion in revenue, while guiding fiscal second-quarter earnings of $1.85 to $1.93 per share.
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33 Articles
33 Articles
The rapid growth of the cloud division brings Oracle significant growth in revenue and profit. Despite the high level of debt, investors are responding to the increased forecast.
·Düsseldorf, Germany
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Oracle: Fiscal Q1 Earnings Snapshot – WTOP News
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Thursday reported fiscal first-quarter net income of $4.76 billion. The Austin, Texas-based company said it had net income of $1.56 per share. Earnings, adjusted for stock option expense and amortization costs, came to $1.92 per share. The results topped Wall Street expectations. The...
·Chevy Chase, United States
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Coverage Details
Total News Sources33
Leaning Left1Leaning Right5Center11Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
C 65%
R 29%
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