Oracle's stock edges up on earnings beat as cloud infrastructure revenue more than doubles
Oracle's results for the quarter came in stronger than expected, as did its revenue backlog.
TL;DR
- Oracle reported stronger-than-expected adjusted earnings per share ($1.92 vs. $1.74 expected) and revenue ($19.35 billion vs. $19.14 billion expected) for the fiscal first quarter.
- Cloud revenue grew 62% year over year to $11.61 billion, with cloud infrastructure revenue more than doubling to $7.4 billion.
- The company secured over $30 billion in additional AI contracts in Q1 without requiring extra capital.
- Oracle provided an optimistic outlook for fiscal 2027, projecting adjusted earnings per share of $8.10 on at least $90 billion in revenue.
- Despite growth, Oracle's debt stands at $125 billion with negative free cash flow increasing significantly.