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Oracle filed its fiscal fourth‑quarter results, delivering earnings per share of $2.03 versus expectations of $1.96, and revenue of $19.18 billion against an anticipated $19.10 billion. The company’s adjusted net income rose to $4.22 billion, with a share‑based compensation adjustment of $1.45.
The results include a 21% year‑over‑year revenue growth, mainly driven by a 47% increase in cloud offerings, which totaled $9.91 billion, and a 93% rise in cloud infrastructure revenue to $5.8 billion.
Oracle reaffirmed its 2027 revenue outlook at $90 billion and raised its adjusted earnings per share guidance to $8.05, slightly above the consensus estimate of $8.01.
However, the company disclosed plans to raise an additional $40 billion in debt and equity financing, including a $20 billion share sale, to support its expanding artificial‑intelligence initiatives. This announcement triggered a 10% decline in the stock during after‑hours trading.
Despite the funding announcement, Oracle’s performance obligation hit $638 billion at fiscal year‑end, up 363%, largely attributed to large‑scale AI contracts with major clients. The growth in remaining performance obligations provides a buffer against the capital expenditure required for new data‑center construction.
Executive changes include the appointment of Hilary Maxson, former Schneider Electric executive, as chief financial officer. The company also reported significant capital expenditures, projected to total approximately $70 billion for fiscal 2027, excluding anticipated prepayments from customers.
Oracle’s share price closed Wednesday up 3% for the year to date, while the S&P 500 has risen 6% over the same period.
