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Oracle Shares Rise as Cloud Revenue Surges 121% on AI Demand

Technology Services · Internet Software/Services · yonhap_finance · 2026-09-11

Oracle reported strong quarterly results, beating market expectations as AI-driven cloud infrastructure demand fueled a 121% revenue jump.

What Happened

Strong Financial Performance: Oracle reported fiscal 2027 first-quarter results that exceeded market expectations. Revenue rose 29.6% year-over-year to $19.3 billion, while adjusted earnings per share (EPS) of $1.92 significantly outperformed analyst forecasts.

Cloud Infrastructure Growth: The primary driver of this growth was the cloud infrastructure (OCI) segment, which saw revenue surge by 121% compared to the previous year. This performance is attributed to massive investments in data centers and increased GPU capacity to meet the rising demand for AI computing.

Future Outlook and Backlog: Oracle secured over $30 billion in new AI cloud contracts during the quarter. The company's remaining performance obligation (RPO) has reached $664 billion, signaling strong long-term growth potential.

Market Reaction and Challenges: Following the earnings release, Oracle's stock rose 4-5% in after-hours trading. However, the company's free cash flow has turned negative due to heavy capital expenditure on data centers, which remains a key financial metric to monitor moving forward.

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