Oracle Q1 FY27 Net Income Jumps 60% as Cloud Revenues Surge
Oracle reported Q1 FY27 revenue up 30% to $19.35bn and non-GAAP net income up 34% to $5.8bn. Cloud revenues rose 62% to $11.6bn, including 121% growth in IaaS. The firm booked over $30bn in additional AI cloud contracts and delivered 300,000+ GPUs. Free cash flow fell to -$5bn as it invested in cloud infrastructure, with upbeat Q2 and FY27 guidance.