Oracle Reports Strong Q1 FY2027 Earnings with Doubled Cloud Infrastructure Revenue
Oracle reported strong fiscal first-quarter results for FY2027, exceeding analyst expectations and driving a 7% rise in after-hours stock trading. The company's cloud infrastructure revenue more than doubled to $7.4 billion, while total cloud revenue climbed 62% year-over-year to $11.6 billion. Overall revenue grew by 30%, reaching $19.35 billion against an expected $19.14 billion. Adjusted earnings per share rose 30% to $1.92, surpassing the forecast of $1.74. Oracle also reported a record operating cash flow of $23.1 billion but faced negative free cash flow due to heavy cloud infrastructure spending. The company raised its full-year revenue outlook to at least $90 billion and adjusted earnings per share guidance to $8.10. Oracle's capital expenditures surged, with over $30 billion spent in the quarter alone as it expanded data center capacity by 850 megawatts and delivered more than 300,000 GPUs for AI cloud services.
Tickers: $ORCL
Topics: AI cloud contracts cloud infrastructure earnings revenue growth