Oracle Corporation delivered Q4 revenue growth of 21% and EPS growth of 24%, beating consensus on both lines. Cloud infrastructure drove nearly all of ORCL's growth, with segment revenue up over 90% year-over-year and remaining performance obligations reaching $638 billion. Heavy cloud investments led to negative free cash flow of $24 billion over the last twelve months, curtailing shareholder returns and necessitating $40 billion in new equity and debt issuance.
Oracle Corp (NYSE:ORCL, XETRA:ORC) reported better-than-expected fourth-quarter results on Wednesday, driven by surging demand for artificial intelligence infrastructure. However, its plans to raise approximately $40 billion through a combination of debt and equity to fund its AI datacenter buildout in fiscal 2027 sent shares falling nearly 9% in after-hours trading.
The notorious cybercrime group ShinyHunters claimed to have hacked Oracle PeopleSoft servers at more than 100 organizations, many of them universities, a ShinyHunters member told TechCrunch on Wednesday. The breaches were first reported by BleepingComputer.
Oracle blew past earnings expectations and grew its contract pipeline to $638 billion, but Wall Street is concerned about its rising AI costs.
Oracle kept its fiscal year revenue guidance intact while raising its profit forecast. The company beat on earnings and revenue for the fiscal fourth quarter.
Austin-headquartered Oracle (ORCL) is in focus at writing, as the cloud and AI infrastructure firm warms up to report its fiscal Q4 earnings after market close on Jun. 10. Consensus is for the Nasdaq-listed behemoth to post $1.96 a share of earnings for its fourth quarter, on a 20% year-on-year increase in revenue to $19.1 billion.
Ted Thatcher explains what he'll watch for in Oracle (ORCL) earnings after Wednesday's closing bell. He calls Oracle the “forgotten hyperscaler” as it expands data center and cloud capabilities.
This article was written and reviewed by Doug Nathman and his team at Trefis. For questions, email [email protected]
Oracle Corp. (ORCL) shares fell 3.3% in premarket trading on Wednesday ahead of the company's quarterly earnings report. Investors are closely watching whether Oracle's rapid expansion in artificial intelligence infrastructure can justify its rising debt levels and negative free cash flow.
Oracle's stock has taken a hit lately, but robust AI spending trends have some Wall Street analysts growing more bullish on the cloud services provider's stock ahead of its earnings report due tomorrow.
Oracle (ORCL) shares remain in focus ahead of the artificial intelligence (AI) infrastructure firm's Q4 earnings set to be released tomorrow, June 10, after market close. Consensus is for the company to report $1.96 a share (EPS) of adjusted earnings on $19.1 billion in revenue – about a 20% growth on the top-line and 15% on the bottom-line.
Oracle will report earnings after market close on Wednesday. The company is expected to report $1.96 earnings per share and $19.1 billion in revenue, accounting for a 15% and 20% increase year-over-year, respectively, according to FactSet.