Oracle Beats Revenue and EPS Estimates, Raises FY27 EPS Guidance — Stock Rises

Oracle Corporation (NYSE: ORCL ) shares are trading higher Friday after the company reported better-than-expected first-quarter results on Thursday after the market closed and raised its fiscal-year 2027 adjusted earnings per share guidance above analyst estimates . Oracle shares are powering higher. What’s driving ORCL stock higher? Cloud Growth Powers Oracle’s Earnings Beat Oracle reported adjusted earnings per share of $1.92, beating the consensus estimate of $1.74. In addition, the company reported revenue of $19.300 billion, beating the consensus estimate of $19.144 billion. Total revenue was up 30% year-over-year. Total cloud revenue reached a record, up 62%, with cloud infrastructure (IaaS) revenue up 121% and cloud applications (SaaS) revenue up 10%. Remaining Performance Obligations grew $209 billion year-over-year to $664 billion. Q2...