Oracle's first-quarter adjusted revenue was in line with expectations, but cloud revenue growth was lower than the previous quarter.
Hawk News
2023-09-12 18:11:59
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Oracle's fiscal first-quarter adjusted revenue of $12.5 billion, analysts expect 124.$700 million; adjusted 1Q cloud services and licensing support revenue 95.$500 million, up 13% year-over-year; first quarter adjusted operating profit of 50.$600 million, analysts expected 50.$200 million; first-quarter cloud revenue rose 30 percent to $4.6 billion, but below the 54 percent increase in the previous quarter; and a number of AI companies reached agreements to buy more than $4 billion in computing power at Gen2 Cloud.。
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