With tech stocks cracking for a 3rd straight day, and with the broader market closing at the lows in a surprising sign of weakness, many were looking to ORCL to kickstart the AI euphoria which has been oddly missing in recent days (and which send NVDA stock briefly just below the key level of $200). Well, for those hoping that ORCL would be the much needed spark, they may be disappointed after ORCL stock pumped in kneejerk reaction (despite Q4 earnings that were mixed at best).... then dumped after the company announced it would be joining the circus of companies selling debt/equity to fund its runaway capex.Here is what ORCL reported for the just concluded fiscal Q4:Adjusted EPS $2.11 vs. $1.70 y/y, beating estimates of $1.97Adjusted revenue $19.18 billion, +21% y/y, beating estimates of $19.09 billionThe revenue breakdown was mixed at best, with ugly Software and SaaS prints offset by ok Infrastructure revenue"Cloud Infrastructure revenue (IaaS) $5.79 billion, +93% y/y, beating est $5.72 billion
Cloud Infrastructure revenue (IaaS) in constant currency +92%, estimate +91.7%Cloud revenue (IaaS plus SaaS) $9.91 billion, +48% y/y, missing est $10 billion
Cloud revenue (IaaS plus SaaS) in constant currency +46%, estimate +47.4%Cloud Application revenue (SaaS) $4.13 billion, +12% y/y, missing est $4.17 billion
