Oracle (ORCL) Reports 30% Revenue Growth, Shares Jump 6%
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowOracle (ORCL) reported a 30% revenue growth in its fiscal first quarter, reaching $19.35 billion, surpassing LSEG estimates of $19.14 billion. Net income increased by 60% to $4.7 billion, while cloud revenue surged 62% to $11.6 billion, driven by a 121% rise in cloud infrastructure revenue. Despite a 21.5% decline since the start of the year, shares rose 6.2% in premarket trading. The company expects revenue for the 2027 fiscal year to be at least $90 billion, indicating strong growth potential for investors.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Oracle Corporation (ORCL)
Oracle is an enterprise-software veteran best known for its databases, now expanding aggressively in cloud infrastructure and applications.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
Earlier ORCL news
- U.S. CPI Release Impacts Oracle (ORCL), Adobe (ADBE) Market Dynamics
- Oracle (ORCL) and Adobe Lead After-Hours Stock Movements
- U.S. Oil Prices Hit $100 Per Barrel, Stocks Retreat
- Oracle (ORCL) Options Show Unusual Calls Activity Ahead of Earnings
- Oracle (ORCL) Trades at 19 P/E with $638B Backlog, Buy at $162
Understand this kind of story
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
Related News
UBS Downgrades HubSpot (HUBS) Stock on Demand Concerns
Oct 27
UBS Reiterates Sun Communities (SUI) Rating on Rental Rate Gains
Oct 27
UBS Reiterates Public Storage (PSA) Stock Rating on Storage Recovery
Oct 27
Grameenphone (GP) Reports Return to Growth in Q3 2026 Earnings
Oct 27