Here's a detailed look inside Oracle's Q1 earnings report moving the stock in Thursday's extended session.
Oracle Q1 cloud revenue up 62% to $11.6B with IaaS surging 121% to $7.4B, forecasting 64-70% Q2 growth. Infrastructure traction signals Oracle's viable GenAI positioning, reshaping enterprise cloud stack allocation away from AWS incumbency.
Oracle Corp. (NYSE:ORCL) posted its fiscal 2027 first-quarter results after Thursday’s closing bell, beating estimates across the board and raising its fiscal-year earnings guidance.
Here’s a look at the key figures from the quarter.
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Oracle Q1 Details
Oracle reported quarterly earnings of $1.92 per share, which beat the analyst consensus estimate of $1.74 by 10.34%, per Benzinga Pro data.
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