Oracle reported first-quarter revenue of $19.3 billion, surpassing analyst estimates of $19.14 billion, driven by a surge in AI cloud infrastructure demand. Adjusted earnings per share were $1.92, beating the $1.74 estimate, while cloud revenue reached $11.6 billion, above expectations. The company secured over $30 billion in new AI cloud contracts and expanded data center capacity by 850 megawatts. Oracle raised its full-year revenue forecast to at least $90 billion and expects adjusted earnings of $8.10 per share, with strong second-quarter growth projected, especially in cloud revenue.
Oracle reported fiscal Q1 results surpassing expectations with revenue of $19.35 billion, up nearly 30% year-over-year, and adjusted earnings per share of $1.92 versus $1.74 expected. The company’s cloud revenue soared 62%, driven by strong demand fo...
Oracle reported a 30% increase in Q1 total revenues to $19.3 billion, driven by a 62% surge in cloud revenues, including 121% growth in cloud infrastructure. GAAP earnings per share rose 55% to $1.56, reflecting strong demand and expanded data center...
Oracle shares have fallen nearly 18% year-to-date and about 34% over the past year, despite strong fundamentals and a robust backlog of $638 billion. Traders are selling call options ahead of tonight's earnings report, signaling cautious sentiment. M...
CoreWeave's stock dropped 5% even after investor Michael Burry closed his high-profile AI short position, signaling concerns beyond demand, mainly about CoreWeave's heavy debt and cash flow issues. Oracle's shares fell 3% ahead of its fiscal Q1 2027 ...
Oracle is set to report its fiscal Q1 2027 results amid investor debate over rising capital expenditures versus strong cloud infrastructure growth. Bank of America expects a 116% year-over-year jump in infrastructure-as-a-service revenue and 28% tota...
