Oracle shares jump more than 4% after hours after $19.35 billion quarterly revenue and raised FY27 target to at least $90 billion
AI Market Summary
Oracle's after-hours rise follows a strong quarter and higher long-term targets. Revenue and adjusted EPS beat expectations, while OCI growth and a sharply larger AI-related backlog signal accelerating cloud momentum. New AI contracts and customer prepayment structures partially mitigate concerns about heavy capex despite negative free cash flow. Strength in multicloud database adoption also supports a more resilient enterprise demand narrative.
Impact level
● Medium
Affected assets
NCSKORCL2USD/USDT-8.21%
AI Insight · NCSKORCL2USD/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Oracle reported first-quarter revenue of $19.35 billion, up 30% year over year and above market expectations. Oracle Cloud Infrastructure revenue surged 121% to $7.4 billion, and the company booked more than $30 billion in new AI cloud contracts. Oracle lifted its FY27 revenue target to at least $90 billion.
