Oracle Reports Second Quarter Results

Investing.com — Oracle reported its fiscal second-quarter results on Monday, which fell short of Wall Street estimates despite ongoing demand for cloud infrastructure driven by AI.

Key Metrics

• Stock Movement: Oracle Corporation (NYSE:ORCL) saw an 8% decline in after-hours trading following the earnings report.
• Earnings Report:
  • Adjusted EPS: $1.47
  • Revenue: $14.06B
  • Wall Street Expectations: EPS of $1.48, Revenue of $14.12B.
• Remaining Performance Obligations: Climbed by 49% to $97B.

CEO's Statement

"Record level AI demand drove Oracle Cloud Infrastructure revenue up 52% in Q2, a much higher growth rate than any of our hyperscale cloud infrastructure competitors," said Oracle CEO, Safra Catz.