Oracle's U.S. stocks rose 29% before the market
Internet reports that Oracle's U.S. stocks surged 29% before the market. The company expects cloud infrastructure revenue to increase by 77% to US$18 billion in fiscal year 2026. Oracle's adjusted first-quarter earnings per share were $1.47, compared with expectations of $1.48; adjusted first-quarter revenue was $14.93 billion, and analysts expected $15.03 billion; first-quarter cloud infrastructure revenue (IAAS) was $3.3 billion, and analysts expected $3.38 billion.
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