Oracle Corp. stocks climbed more than 4% in late Thursday overnight trading after quarterly results topped Wall Street estimates and the company increased its full-year outlook. The move signaled stronger investor confidence that Oracle’s expanding cloud business and capacity spending are supporting sustained growth.
For the fiscal first quarter ended Aug. 31, Oracle posted adjusted earnings of $1.92 per share (+30%), ahead of the $1.74 analysts had projected. Revenue was $19.35 billion, compared with expectations of $19.14 billion. Total quarterly revenue grew 30% from a year earlier. Cloud services revenue increased 62% to $11.6 billion, slightly above the StreetAccount consensus estimate of $11.51 billion.
Oracle’s cloud infrastructure segment delivered particularly strong growth, with revenue more than doubling to $7.4 billion. Analysts tracked by StreetAccount had expected $7.09 billion. The company also reported adding 850 megawatts of data center capacity during the quarter.
Remaining performance obligations stood at $664 billion at quarter-end, above StreetAccount’s estimate of $630.6 billion.
Additionally, Oracle also raised its full-year forecasts, reinforcing market attention on whether cloud demand continues to convert into revenue growth.
Oracle is providing the following forward-looking guidance for Q2 FY 2027:
- Total revenues are expected to grow between 30% and 34% in constant currency and USD.
- Total Cloud revenue is expected to grow between 64% and 70% in constant currency and between 65% and 71% in USD.
- Non-GAAP earnings per share is expected to be between $1.83 and $1.91 in constant currency and between $1.85 and $1.93 in USD, which represents growth of 19% to 23% in constant currency and 21% to 25% in USD excluding a one-time gain from Q2 FY2026.
For fiscal year 2027, we now expect total revenue to be at least $90 billion, and non-GAAP EPS to be at $8.10.
