Business & Finance
Oracle stock rises after quarterly earnings and revenue beat analyst estimates
Oracle shares advanced 7% in extended trading following upbeat quarterly performance, according to CNBC.
The short version
- Oracle shares gained 7% in extended trading after quarterly revenue reached $19.35 billion, exceeding market expectations.[CNBC]
- Cloud infrastructure revenue surged to $7.4 billion, more than doubling from the prior period and topping projections.[CNBC]
- Capital spending expanded to $28.50 billion, contributing to negative free cash flow of $5.4 billion alongside $125 billion in total debt.[CNBC]
Key facts
- Oracle reported adjusted earnings per share of $1.92 on $19.35 billion in revenue, beating analyst projections.[CNBC]
- Cloud infrastructure sales more than doubled to $7.4 billion, surpassing the consensus forecast of $7.09 billion.[CNBC]
- Capital expenditures climbed to $28.50 billion, leading to a negative free cash flow of $5.4 billion while debt reached $125 billion.[CNBC]
What remains uncertain
- Whether data center schedules in New Mexico and other sites will remain on track to meet fiscal 2027 targets.[CNBC]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.