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Oracle's quarterly revenue beats estimates as AI boom drives cloud demand
- 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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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 Sources38
Leaning Left2Leaning Right5Center11Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
11%
C 61%
R 28%
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