Oracle tops Q1 estimates and raises FY27 EPS guidance
Oracle reported Q1 adjusted EPS of $1.92 and revenue of $19.300 billion, and raised FY27 adjusted EPS guidance to $8.10.
Oracle Corporation (NYSE: ORCL ) shares are trading higher Friday after the company reported better-than-expected first-quarter results on Thursday after the market closed and raised its fiscal-year 2027 adjusted earnings per share guidance above analyst estimates. Oracle shares are powering higher. What’s driving ORCL stock higher? 74.
144 billion. Total revenue was up 30% year-over-year. Total cloud revenue reached a record, up 62%, with cloud infrastructure (IaaS) revenue up 121% and cloud applications (SaaS) revenue up 10%. Remaining Performance Obligations grew $209 billion year-over-year to $664 billion.
07. 789 billion. 218 billion. Read Also: Stock Market: Will S&P 500 Open Up or Down Today?
35, according to data Pro. Image via Shutterstock