Oracle Shares Rise After Q1 Results Lift AI Cloud Contract Backlog
Oracle shares climbed about 2% after the database software company reported strong first-quarter fiscal 2027 results. Revenue rose 30% to $19.3B, helped by a 121% surge in cloud infrastructure sales to $7.4B. Adjusted EPS hit $1.92. Oracle also added more than $30B in AI cloud contracts, lifting remaining performance obligations to $664B.