Overview
- Oracle reported fiscal Q2 revenue of $16.06 billion versus $16.21 billion expected, while adjusted earnings per share rose to $2.26, topping forecasts.
- Shares fell about 11% in after‑hours and premarket trading following the results and guidance, extending recent volatility tied to its expansion strategy.
- Cloud revenue grew 34% to $7.98 billion and infrastructure sales jumped 68% to $4.08 billion, even as traditional software revenue declined 3% with new licenses down 21%.
- The company disclosed $12 billion in quarterly spending on AI data centers and projected roughly $35 billion in capital expenditures for the year.
- Remaining performance obligations surged to about $523 billion, above analyst estimates, as investors weighed the hefty commitments and higher debt against future profitability.