"Performance" Oracle's first fiscal quarter revenue slightly below expectations, but remaining performance obligations increased by more than 3 times, stock price soared 22% after hours

AASTOCKS
2025.09.09 20:36

Oracle (ORCL.US) announced after the market close on Tuesday that its net profit for the first fiscal quarter ending in August remained flat year-on-year at USD 2.93 billion, with adjusted earnings per share of USD 1.47, slightly below the market expectation of USD 1.48. However, the company disclosed that its remaining performance obligations currently stand at USD 455 billion, a year-on-year increase of approximately 3.6 times, which stimulated the stock price to soar over 22% in after-hours trading.

Revenue for the quarter grew 12% year-on-year to USD 14.93 billion, also slightly below expectations; among them, cloud infrastructure revenue was USD 3.3 billion, a year-on-year increase of 55%. In the company's statement, it mentioned that during the quarter, it signed four contracts worth billions of dollars with three different customers

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