AUSTIN, United States: Oracle earnings beat Wall Street estimates for its fiscal first quarter as cloud infrastructure revenue more than doubled, sending shares about 4% higher in extended trading Thursday.
Oracle Corp. (NYSE: ORCL) reported adjusted earnings of USD 1.92 per share, above the USD 1.74 LSEG consensus. Revenue reached USD 19.35 billion, compared with the USD 19.14 billion estimate.
Revenue grew almost 30% from a year earlier in the quarter ended August 31. Net income increased to USD 4.68 billion, or USD 1.56 per share, from USD 2.93 billion, or USD 1.01 per share, a year earlier.
Cloud revenue jumped 62% to USD 11.61 billion, topping Street Account’s USD 11.51 billion estimate. Cloud infrastructure revenue more than doubled to USD 7.4 billion, beating the USD 7.09 billion consensus.
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The expansion came with sharply higher infrastructure spending. Capital expenditures rose to USD 28.50 billion from USD 8.50 billion a year earlier, while Oracle said it delivered 850 megawatts of data-centre capacity during the quarter.
Oracle also reported USD 125 billion in debt and negative free cash flow of USD 5.4 billion, compared with negative USD 362 million a year earlier.
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For the fiscal second quarter, Oracle forecast adjusted earnings of USD 1.85 to USD 1.93 per share and revenue growth of 30% to 34%. For fiscal 2027, it expects at least USD 90 billion in revenue and adjusted earnings of USD 8.10 per share.
