The Zhitong Finance App learned that on Friday, Oracle (ORCL.US) opened up more than 3% and is now reported at $156.83. According to the news, on Thursday local time, Oracle's first fiscal quarter (Q1) results and guidelines were better than market expectations, and demand for AI infrastructure continued to drive rapid growth in the cloud business. The company's overall revenue for the first fiscal quarter increased 30% to US$19.3 billion, and analysts expected US$19.13 billion; adjusted earnings per share of US$1.92 were also better than analysts' expectations of US$1.75. Oracle's cloud infrastructure revenue for the first fiscal quarter jumped 121% year over year to US$7.4 billion, higher than analysts' average expectations of US$7.19 billion.

The Zhitong Finance App learned that on Friday, Oracle (ORCL.US) opened up more than 3% and is now reported at $156.83. According to the news, on Thursday local time, Oracle's first fiscal quarter (Q1) results and guidelines were better than market expectations, and demand for AI infrastructure continued to drive rapid growth in the cloud business. The company's overall revenue for the first fiscal quarter increased 30% to US$19.3 billion, and analysts expected US$19.13 billion; adjusted earnings per share of US$1.92 were also better than analysts' expectations of US$1.75. Oracle's cloud infrastructure revenue for the first fiscal quarter jumped 121% year over year to US$7.4 billion, higher than analysts' average expectations of US$7.19 billion.