Oracle reported results for the first quarter of fiscal 2027 that came in ahead of market expectations on both earnings and revenue. Adjusted earnings per share reached $1.92, above the consensus estimate of $1.75, while adjusted total revenue came in at $19.35 billion versus expectations of $19.13 billion. Within the business breakdown, infrastructure-as-a-service revenue rose to $7.39 billion, beating the expected $7.19 billion, and software support revenue of $4.9 billion also edged past estimates of $4.88 billion. Software license revenue, however, was $655 million, below the expected $718.8 million. Following the earnings release and the stronger cloud business showing, Oracle shares rose more than 5% in after-hours U.S. trading. The company has been stepping up its push into AI cloud infrastructure in recent years. At the end of the previous fiscal year, Oracle’s remaining performance obligations stood at $638 billion, up 363% year over year, with large AI cloud contracts cited as a key driver of order growth.
Oracle reported first-quarter results for fiscal 2027 on Sept. 11, with both adjusted earnings and adjusted revenue topping market expectations.
Adjusted earnings per share came in at $1.92, above the expected $1.75. Adjusted total revenue reached $19.35 billion, also ahead of the $19.13 billion forecast.
Business segment results
By segment, infrastructure-as-a-service revenue was $7.39 billion, higher than the expected $7.19 billion. Software support revenue totaled $4.9 billion, slightly above the $4.88 billion estimate. Software license revenue was $655 million, below the expected $718.8 million.
After-hours move
Oracle (NYSE: ORCL) rose more than 5% in after-hours U.S. trading after the earnings release, helped by the quarterly results and cloud business performance.
AI cloud push
Oracle has been accelerating its bet on AI cloud infrastructure in recent years. At the end of the previous fiscal year, the company’s remaining performance obligations, or RPO, reached $638 billion, up 363% year over year. Large AI cloud contracts have become an important driver of order growth.
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