Oracle Logs Higher 1Q Profit, Revenue on Continued Cloud Infrastructure Strength

By Connor Hart

Oracle posted sharply higher profit and revenue in its latest quarter, with sales from its cloud infrastructure business more than doubling.

The software and cloud-computing company on Thursday said profit for its fiscal first-quarter ended Aug. 31 rose 60% to $4.76 billion, or $1.56 a share from $2.93 billion, or $1.01 a share, in the same quarter a year ago.

Stripping out one-time items, earnings came in at $1.92 a share. Analysts polled by FactSet expected adjusted earnings of $1.74 a share.

Total revenue rose 30% to $19.34 billion, ahead of Wall Street estimates for $19.14 billion.

Oracle shares rose more than 7% to $164.01 in after-hours trading.

Revenue from Oracle's cloud business jumped 62% to $11.61 billion, with infrastructure sales up 121%. The gain helped offset revenue from the company's software unit, which fell 3% to $5.55 billion, as customers continue to migrate from on-premises software to the cloud.

Oracle said it booked more than $30 billion worth of additional AI cloud contracts during the recent quarter, putting the company's remaining performance obligations at $664 billion, up $209 billion from last year.

For its fiscal second quarter, Oracle guided for adjusted earnings of $1.85 to $1.93 a share, compared with analyst views for $1.89 a share. The company also projected revenue growth between 30% and 34%. Wall Street modeled revenue of $21.18 billion, marking a 32% increase from last year.

For the year, Oracle reaffirmed its outlook for revenue of at least $90 billion. The company now expects adjusted earnings of at least $8.10 a share, up from $8.05 a share. Analysts are looking for revenue of $89.66 billion and adjusted earnings of $8.07 a share.

The company continues to anticipate $90 billion to $95 billion in capital expenditures for the year.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

September 10, 2026 16:39 ET (20:39 GMT)