Oracle delivered a strong fiscal first‑quarter performance, exceeding analyst expectations on both revenue and earnings. The company reported total revenue of $19.35 billion, a nearly 30% increase from the prior year, while adjusted earnings rose 30% to $1.92 per share. Cloud revenue jumped 62% year‑over‑year to $11.61 billion, driven by a 121% surge in cloud‑infrastructure (OCI) sales. Oracle added 850 megawatts of new data‑center capacity during the quarter and secured more than $30 billion in new AI‑cloud contracts, reflecting robust demand for AI training and inference services. Remaining performance obligations reached $664 billion, up $209 billion from a year ago. The company completed a $20 billion at‑the‑market equity program, reducing share‑price overhang, and now carries over $100 billion in debt to fund its data‑center expansion. Oracle expects total revenue for fiscal 2027 to be at least $90 billion. Analysts reacted positively, citing the acceleration in cloud infrastructure growth, solid margins and the completed equity raise as supportive of further upside, though some noted the need for more visibility on AI economics and capital efficiency.
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