TechCNBC1h ago
Oracle reports Q1 revenue up 30% YoY
Oracle reports Q1 revenue up 30% YoY to $19.35B, vs. $19.14B est., cloud infrastructure revenue up 121% to $7.4B, vs. $7.09B est.; ORCL jumps 6%+ after hours
TL;DROracle beat earnings expectations with 30% revenue growth and massive cloud infrastructure gains.
Why it matters: Cloud momentum and beat guidance signal enterprise AI/infrastructure spending is accelerating faster than predicted.
Oracle shares moved 4% higher in extended trading on Thursday after the software vendor issued stronger-than-expected quarterly results.
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