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00:02Oracle reported fiscal 2027, first quarter adjusted earnings of $1.92 per share,
00:08beating the analyst estimate of $1.74, while revenue of $19.35 billion topped the $19.14
00:17billion estimate. According to Benzinga Pro, total cloud revenue climbed 62% to a record $11.6
00:25billion, including a 121% increase in cloud infrastructure revenue to $7.4 billion.
00:34Cloud applications revenue rose 10% to $4.2 billion. Remaining performance obligations
00:40increased by $209 billion year-over-year to $664 billion. Oracle raised its full-year
00:48adjusted earnings guidance to $8.10 per share and expects revenue above $90 billion.
00:55Shares rose 6.64% to $163.10 in Thursday extended trading.
01:02For all things money, visit Benzinga.com.
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