Oracle Japan Shares Rise Amid Record Q1 Sales, Outperforming U.S. Parent
Shares of Oracle Corp Japan surged over 7% on Friday after reporting record fiscal first-quarter sales and profits driven by strong cloud revenue growth. The Japanese subsidiary reported a 31.7% year-on-year increase in cloud revenue to ¥25.14 billion, which now accounts for 33.6% of total sales compared to 28.8% the previous year. Net sales rose 13% from a year ago to ¥74.86 billion ($472 million), with operating profit up 22.7% and net profit increasing by 23.2%. Oracle Japan maintained its full-year outlook for sales growth of 6-10%, while also planning to expand sovereign cloud offerings and AI solutions in the region. This performance contrasted sharply with a more than 3% drop in U.S.-listed Oracle shares, which were impacted by a
Topics: AI infrastructure cloud computing sales growth stock performance