Oracle reports better-than-expected quarterly results; shares rise

Oracle reports better-than-expected quarterly results; shares rise


Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017.

David Paul Morris | Bloomberg | Getty Images

Oracle shares rose 8% in extended trading on Monday after the database software vendor reported fiscal first-quarter results that topped Wall Street estimates.

Here’s how the company did in comparison with LSEG consensus:

  • Earnings per share: $1.39 adjusted vs. $1.32 expected
  • Revenue: $13.31 billion vs. $13.23 billion expected

Oracle’s revenue increased 8% from $12.45 billion a year ago, according to a statement. Net income rose to $2.93 billion, or $1.03 per share, from $2.42 billion, or 86 cents per share, in the same quarter a year ago.

The company said its cloud services and license support business generated $10.52 billion in revenue. That was up 10% from a year earlier and higher than the StreetAccount consensus of $10.47 billion.

Oracle’s cloud and on-premises license segment had $870 million in revenue, up 7% and more than StreetAccount’s $757.6 billion consensus.

Revenue from cloud infrastructure came to $2.2 billion, up 45%. That’s an acceleration from the prior quarter, during which the revenue went up 42%.

During the quarter, Oracle announced the opening of a second cloud region in Saudi Arabia and said its database software will be available through Google’s public cloud.

In a separate statement on Monday, Oracle said it would partner with cloud infrastructure market leader Amazon Web Services to enable its database services on dedicated hardware.

Excluding the move after hours, Oracle stock has gained about 34% so far this year, while the S&P 500 stock index has gained about 15%.

Executives will issue guidance and discuss the results with analysts on a conference call starting at 5 p.m. ET.

WATCH: Oracle could lead the next generation of AI, says Gradient’s Jeremy Bryan

Oracle could lead the next generation of AI, says Gradient's Jeremy Bryan



Source

Trump readies blanket tariffs as he brushes off inflation worries
World

Trump readies blanket tariffs as he brushes off inflation worries

US President Donald Trump during a cabinet meeting at the White House in Washington, DC, US, on Tuesday, July 8, 2025. Aaron Schwartz/CNP/Bloomberg via Getty Images President Donald Trump on Thursday said that he plans to impose blanket tariffs of 15% or 20% on most trade partners, dismissing concerns that further tariffs could negatively impact the stock […]

Read More
CNBC Daily Open: Building renovations might be another front in Trump’s attacks on Powell
World

CNBC Daily Open: Building renovations might be another front in Trump’s attacks on Powell

Construction on the Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Wednesday, June 25, 2025. Al Drago | Bloomberg | Getty Images Homo economicus, or the “economic man,” is an idea that depicts humans as rational beings. This assumption has been used to construct models of the economy and, more broadly, society. […]

Read More
Trump announces 35% tariffs on Canada starting Aug. 1
World

Trump announces 35% tariffs on Canada starting Aug. 1

U.S. President Donald Trump and Canada’s Prime Minister Mark Carney talk during a family photo at the G7 Summit in Kananaskis, Alberta, Canada, June 16, 2025. Amber Bracken | Reuters U.S. President Donald Trump on Thursday announced a 35% tariff on Canadian imports, starting Aug. 1, citing that Ottawa had retaliated with tariffs against Washington. […]

Read More