Oracle cloud revenue more than doubles
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ORCL stock soars 7% after-hours — Oracle cloud surge powers Q1 beat as AI demand fuels record backlog
Revenue in the cloud infrastructure division soared 121% to $7.4 billion, beating consensus expectations. ・Remaining performance obligations surged to a record $664 billion following more than $30 billion in new AI cloud contract bookings during the quarter.
The next major catalyst for Oracle Corp stock is the upcoming first quarter fiscal 2027 earnings release. Market data compiled on September 4, 2026 highlights that analysts expect Oracle to report Q1 fiscal 2027 revenue of approximately 19.13 billion USD, with this consensus figure serving as a key benchmark for the stock.
Oracle is set to accelerate its Cloud revenue growth through a deepened integration partnership with Amazon Web Services. The Oracle-AWS deal enables enterprise customers to leverage Oracle databases directly with AWS's generative-AI services, reducing ...
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ORCL stock jumps after strong Q1 report: Analyst says Oracle Cloud demand is growing faster than AWS, Azure
Oracle’s Q1 revenue and adjusted earnings beat Wall Street estimates, with the company raising its fiscal 2027 earnings forecast. ・AI cloud bookings pushed remaining performance obligations to $664 billion.
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