Oracle stock rises after earnings beat and cloud revenue growth

Oracle shares rose in afterhours trading after the company reported quarterly results that topped analyst expectations on both earnings and revenue. For the fiscal first quarter, adjusted earnings per share came in at $1.92, above the $1.74 forecast, while revenue reached $19.35 billion versus $19.14 billion expected. The company said revenue climbed nearly 30% from a year earlier, helped by strong demand for cloud infrastructure. Cloud revenue increased 62% to $11.61 billion, and cloud infrastructure revenue more than doubled to $7.4 billion. Oracle also said it closed more than $30 billion in new AIrelated contracts during the quarter. Looking ahead, Oracle forecast adjusted earnings per share of $1.85 to $1.93 for the fiscal second quarter and revenue growth of 30% to 34%. For the full fiscal year 2027, the company said it expects at least $90 billion in revenue and $8.10 in adjusted earnings per share. The report also highlighted heavy spending on data centers, rising debt, and negative free cash flow, even as the company expands its AI and cloud infrastructure business.