Oracle Climbs on Revenue, Earnings Beat
Oracle (NYSE:ORCL) shares soared in extended trading on Wednesday after the software maker reported results that exceeded Wall Street estimates and signaled that cloud growth will accelerate.
Earnings per share proved to be $1.70 adjusted vs. $1.64 expected, with revenue at $15.9 billion vs. $15.59 billion expected
Revenue increased 11% year over year during the fiscal fourth quarter, which ended on May 31.
Net income rose to $3.43 billion, or $1.19 per share, from $3.14 billion, or $1.11 per share, in the same quarter last year.
The company called for $1.46 to $1.50 in adjusted earnings per share for the fiscal first quarter, with revenue growth in the range of 12% to 14%. Analysts surveyed by LSEG had expected $1.48 in earnings per share and $14.96 billion in revenue, which implies 12.4% growth.
CEO Safra Catz also on a conference call with analysts, cloud infrastructure revenue should increase more than 70% in the 2026 fiscal year, up from growth of 52% in the quarter, Cruz called for more than $67 billion in fiscal 2026 revenue, compared with the LSEG consensus of $65.18 billion.
In early Thursday trading, ORCL shares popped $18.97, or 10.8%, to $195.45.
