Oracle reported fiscal Q1 2027 revenue between $19.3 billion and $19.45 billion, marking a 30% year-over-year increase. Adjusted earnings per share reached $1.92. Following the report, the company's shares rose 7% in after-hours trading.
The company secured over $30 billion in new AI cloud contracts during the quarter. Total cloud revenue grew 62% to $11.6 billion, while IaaS revenue increased 121% to $7.4 billion. Oracle added 850 megawatts of data center capacity.
Remaining performance obligations reached $664 billion, an increase of $209 billion from the previous quarter. Oracle reported negative free cash flow for the period, citing significant infrastructure spending.
For fiscal year 2027, the company raised its revenue guidance to at least $90 billion with an adjusted EPS forecast of $8.10. For Q2, the company expects adjusted EPS between $1.85 and $1.93.
