Oracle Corp (NYSE:ORCL) stock fell as investors reacted to aggressive infrastructure spending plans after the company reported its fourth-quarter results and gave its capital outlay plans.
The tech giant's shares dipped following the disclosure that fiscal year 2027 net capital expenditures are projected to climb to around $70 billion to fuel massive AI demand.
Earnings Highlights Oracle reported revenue of around $19.18 billion, beating estimates of approximately $19.10 billion, according to Benzinga Pro.
Revenue rose 21% year over year (Y/Y), driven by robust performance across cloud infrastructure and cloud applications.
Adjusted operating income grew 22% Y/Y to $8.6 billion, benefiting from strong top-line growth and operational leverage.
