Oracle Raises Fiscal 2027 EPS Guidance to $8.10, Reports AI Cloud Wins
Oracle raised fiscal 2027 non-GAAP EPS guidance to $8.10 from $8.05 and reaffirmed its revenue growth target of at least $90 billion. It reported more than $30 billion in new AI cloud contracts during the quarter, with RPO reaching $664 billion, up $209 billion year over year.
Oracle Corporation has updated its financial outlook for fiscal year 2027, raising its non-GAAP EPS guidance to $8.10 from the previous $8.05. The company reaffirmed its revenue growth target of at least $90 billion for the year. Additionally, Oracle disclosed that it secured more than $30 billion in new AI cloud contracts during the quarter, contributing to a record $664 billion in remaining performance obligations (RPO), which represents a $209 billion year-over-year increase. For the second quarter, the company projects revenue growth between 30% and 34%, with cloud revenue expected to grow by 65% to 71% in U.S.
dollars.