Oracle reported a 30% increase in fiscal first-quarter revenue to $19.35 billion, surpassing analyst estimates, driven by a 62% rise in cloud revenue and a 121% surge in cloud infrastructure revenue. Net income soared 60% to $4.7 billion. The company expanded data center capacity by 850 megawatts and secured over $30 billion in AI cloud contracts, delivering 300,000 GPUs to customers. Oracle forecasts 30% revenue growth in Q2 and expects at least $90 billion in total revenue for fiscal 2027, despite having taken on over $100 billion in debt to fund AI data center expansion. Analysts view the quarter as solid and anticipate positive revisions at upcoming Investor Day events.
Oracle reported a strong quarter, surpassing revenue and earnings per share expectations driven by accelerating cloud infrastructure growth and strong AI demand. Despite a 770 basis point year-over-year gross margin decline and negative free cash flo...
Oracle founder Larry Ellison has set up a trading plan allowing him to sell up to 50 million shares, worth about $7.5 billion, by October 24. This is unusual as Ellison has rarely sold large amounts of Oracle stock before, holding over 40% of the com...
Stocks rebounded on Friday as oil prices fell, helping major indexes recover after several down sessions. Jim Cramer highlighted that the upcoming Federal Reserve meeting will be crucial, with investors watching how Treasury yields react to a potenti...
Oracle reported strong growth in its cloud business and raised its revenue outlook, but overall revenue growth was minimal due to a sharp decline in on-premises software sales. The company's shift from high-margin software to capital-intensive cloud ...
Oracle reported strong Q1 FY2027 results with 29.61% revenue growth and a $664 billion backlog, driven by a surge in AI cloud contracts. Despite a 20.77% year-to-date stock decline, analysts see nearly 50% upside as Oracle's cloud infrastructure util...
