Oracle announced record Q4 fiscal 2026 results with total revenues up 21% to $19.2 billion, driven by a 47% increase in cloud revenues, including 93% growth in Cloud Infrastructure (IaaS). Earnings per share rose 21% GAAP to $1.45 and 24% non-GAAP to $2.11. The company’s remaining performance obligations surged to $638 billion, largely from prepaid AI contracts, supporting its aggressive AI cloud infrastructure investments. Oracle projects continued strong growth for Q1 and FY 2027, expecting total revenues to reach $90 billion and non-GAAP EPS growth of 18%, fueled by AI demand and new healthcare AI applications.
Oracle's stock is expected to increase by about 34% over the next three years, fueled by rapid growth in its multicloud database and AI infrastructure segments, which grew 531% and 243% year-on-year respectively. The company’s strategic partnerships ...
Spot gold and silver prices fell sharply amid a U.S. inflation rate remaining above 4% in May and ongoing U.S.-Iran tensions affecting market sentiment. Gold dropped about 2.2% to near $4,165.90 an ounce, while silver declined over 1%. The persistent...
US stock markets face a key test with CPI inflation data expected above 4% and Oracle reporting earnings after the bell. Despite inflation concerns, sectors sensitive to interest rates like homebuilders and regional banks rallied, supported by bullis...
Larry Ellison's net worth fell by over $10 billion after Oracle shares dropped more than 4%, amid a broader tech stock decline. This slide pushed Ellison from second to fifth-richest globally, behind Jeff Bezos and Google co-founders. Oracle's shares...
Palantir and Oracle both released earnings highlighting AI as a growth driver but with contrasting business approaches. Palantir, a capital-light software company, reported 70% revenue growth led by a 137% surge in U.S. commercial AI adoption, with r...
