Oracle Q1 infrastructure as a service revenue rises 121%
Oracle reported cloud infrastructure revenue of $7.4B, up 121% year over year, citing progress in its IaaS strategy; ORCL shares initially rose about 7% post-market.
Oracle’s NYSE:ORCL first-quarter fiscal 2027 earnings results highlighted the company’s infrastructure as a service strategy, with cloud infrastructure revenue rising 121% year over year to $7.4B. Shares were up about 7% in post-market trading on Thursday, though by noon trading on…