#OracleQ1EarningsBeatStockUpOver5% Oracle Q1 Earnings Beat | Stock Jumps Over 5%
Oracle delivered a stronger-than-expected fiscal Q1, with revenue reaching $19.34 billion, up 30% year over year, while adjusted EPS came in at $1.92, ahead of Wall Street’s $1.74 estimate.
The bigger story was AI and cloud momentum. Oracle’s cloud revenue climbed 62%, while cloud infrastructure revenue surged 121%. The company also added more than $30 billion in new AI cloud contracts, pushing its remaining performance obligations to $664 billion.
Investors reacted quickly, with
$ORCL shares gaining more than 5%