{"id":597121,"date":"2026-09-11T13:18:12","date_gmt":"2026-09-11T13:18:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/597121\/"},"modified":"2026-09-11T13:18:12","modified_gmt":"2026-09-11T13:18:12","slug":"oracle-stock-rises-after-30-revenue-growth-fueled-by-ai-cloud-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/597121\/","title":{"rendered":"Oracle stock rises after 30% revenue growth fueled by AI cloud demand"},"content":{"rendered":"

Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Aug. 12, 2026. <\/p>\n

Michael Nagle | Bloomberg | Getty Images<\/p>\n

Oracle<\/a>‘s shares jumped in premarket trading on Friday after it reported 30% revenue growth<\/a> in its fiscal first quarter, fueled by strong demand for its cloud services and rapid data center expansion. <\/p>\n

The enterprise software giant said total first-quarter revenue grew to $19.35 billion, beating LSEG consensus estimates of $19.14 billion. Its net income reached $4.7 billion, up 60% from $2.93 billion in the prior year. <\/p>\n

Cloud revenue rose 62% from a year earlier to $11.6 billion, driven by a 121% jump in cloud infrastructure revenue, while cloud application revenue grew 10%. <\/p>\n

Oracle was last up 7.6% in premarket trading, but the stock has declined 21.5% since the beginning of the year. <\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Oracle shares since the beginning of the year. <\/p>\n

The company delivered an additional 850 megawatts of data center capacity in the quarter. It also booked over $30 billion in further AI cloud contracts, and delivered more than 300,000 GPUs to its AI Cloud customers. <\/p>\n

Oracle is expecting second-quarter revenue to grow 30% and 34%, with cloud revenue rising between 64% and 70%. It expects total revenue for the 2027 fiscal year to be at least $90 billion. <\/p>\n

Alongside selling its flagship database software, Oracle has taken on more than $100 billion in debt<\/a> as it funds an expansive buildout of data centers for AI workloads. <\/p>\n

The investment is expected to expand capacity for contracted cloud demand from customers including Nvidia, Meta, OpenAI, AMD<\/a> and xAI.<\/p>\n

A ‘solid’ first-quarter<\/p>\n

Citi analysts reiterated their Buy rating in a Friday note, saying Oracle had met expectations and “cleared the runway” for its upcoming Investor Day.<\/p>\n

“Oracle delivered a solid fiscal first quarter that checked nearly every box and reinforces the bull case heading into Investor Day,” the analysts said.<\/p>\n

\"Oracle<\/p>\n

Oracle’s outlook for 2027 is “modest,” and the company’s management framework is “conservative,” the analysts said.<\/p>\n

“Given the magnitude of fiscal first-quarter outperformance, we see a favorable setup for upward revisions at Investor Day and AI World,” the analysts added. <\/p>\n

\u2014 Jordan Novet contributed to this report <\/p>\n","protected":false},"excerpt":{"rendered":"Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on…\n","protected":false},"author":2,"featured_media":597122,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[14683,365,5740,363,364,2339,138,553,4568,161427,156564,155297,164363,220,5745,111,139,5742,69,5746,165990,35813,164362,145],"class_list":["post-597121","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-advanced-micro-devices-inc","tag-ai","tag-amazon-com-inc","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-markets","tag-business","tag-business-news","tag-earnings","tag-first-trust-cloud-computing-etf","tag-intl-premarket-movers","tag-invesco-qqq-trust","tag-ishares-expanded-tech-software-sector-etf","tag-markets","tag-meta-platforms-inc","tag-new-zealand","tag-newzealand","tag-nvidia-corp","tag-nz","tag-oracle-corp","tag-sap-se","tag-spdr-sp-500-etf-trust","tag-spdr-sp-software-services-etf","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/597121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=597121"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/597121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/597122"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=597121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=597121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=597121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}