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Oracle shares climb 8% as earnings, revenue top estimates
CNBC· 2025-06-11 20:30
Core Insights - Oracle's shares rose approximately 8% in extended trading following the release of quarterly results that surpassed Wall Street expectations and indicated accelerating cloud growth [1] - The company reported an 11% increase in revenue for the fiscal fourth quarter, with net income rising to $3.43 billion, or $1.19 per share, compared to $3.14 billion, or $1.11 per share, in the same quarter last year [2] - CEO Safra Catz projected that cloud infrastructure revenue will grow by over 70% in the 2026 fiscal year, up from a growth rate of 52% in the recent quarter [2] Financial Performance - Revenue from cloud services and license support reached $11.7 billion, exceeding the $11.59 billion consensus from analysts [3] - Cloud and on-premises license revenue was reported at $2.01 billion, surpassing the StreetAccount consensus of $1.82 billion [3] - Adjusted earnings per share were $1.70, compared to the expected $1.64, while total revenue was $15.9 billion, exceeding the anticipated $15.59 billion [6] Strategic Developments - Oracle announced a partnership with Cleveland Clinic and G42 for an AI delivery platform in healthcare, along with cloud and consulting commitments with IBM [4] - SoftBank's acquisition of Oracle-backed chip design startup Ampere for $6.5 billion was also highlighted [4] - As of the latest close, Oracle shares have increased by 6% year-to-date, outperforming the S&P 500 index, which is up 2% [4]