Oracle Soars on AI Cloud Growth After Solid Earnings
TL;DR Summary
Oracle reported solid Q1 results with adjusted EPS of $1.92 on $19.3B revenue, led by cloud-infrastructure revenue up 121% to $7.4B and a backlog totaling $664B (nearly half from an OpenAI contract); the company guided modestly higher for the year, but free cash flow remains negative as capex climbs toward about $92B this year, funded by about $37B of new debt and $20B of equity raised in Q1. Shares rose in after-hours trading.
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- Oracle Posts Cloud Sales That Top Estimates on AI Demand Bloomberg.com
- Oracle Announces Q1 Results Driven by Triple Digit Growth in Cloud Infrastructure Revenues Oracle - Investor Relations
- Oracle's quarterly revenue beats estimates as AI boom drives cloud demand Reuters
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