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 for cloud infrastructure and data center expansion amid the AI boom. Oracle projects continued robust growth for Q2 and fiscal 2027, despite rising debt and negative free cash flow due to heavy capital expenditures. Shares rose 7% in after-hours trading following the strong report.
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 reach...
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...
