Oracle shares climb after strong quarterly results, analysts weigh in

Oracle just posted the kind of quarter that makes CFOs sleep well at night. The enterprise software giant reported fiscal first-quarter 2027 results that beat Wall Street expectations on virtually every metric that matters, sending shares up roughly 7% in after-hours trading.

Adjusted earnings per share came in at $1.92, comfortably ahead of the $1.74 consensus estimate and representing a 30% increase from the same period last year. Revenue hit $19.35 billion, also up about 30% year-over-year and topping the $19.14 billion analysts had penciled in. GAAP EPS landed at $1.56.

The cloud engine is roaring

Cloud infrastructure revenue surged 121% to $7.4 billion in the quarter. Total cloud revenue, which includes software-as-a-service alongside infrastructure, climbed 62% to $11.61 billion.

Oracle booked more than $30 billion in new AI cloud contracts during the quarter. The company also delivered 850 megawatts of additional data center capacity.

Oracle’s remaining performance obligations hit a record $664 billion, up $209 billion year-over-year and well above the $639.89 billion analysts had expected.

Guidance suggests the momentum isn’t fading

Oracle raised its full-year fiscal 2027 guidance, now projecting at least $90 billion in revenue and adjusted EPS of $8.10, a slight bump from its earlier $8.05 forecast. For the second quarter, the company guided for revenue growth of 30% to 34%.