Oracle shares jump after Q1 results and AI-driven outlook
Oracle reported better-than-expected first-quarter fiscal results and an upbeat outlook, with cloud sales up 62% year over year, and shares rose nearly 7% in after-hours trading.
Oracle Corp. said its first-quarter fiscal results beat expectations and its outlook was upbeat, sending shares up nearly 7% in after-hours trading. The company said cloud sales rose 62% year over year.