Oracle (NYSE:ORCL) is due to report fiscal fourth-quarter results after Wednesday's close, with investors watching whether the company can turn a large AI backlog into sales while keeping cloud infrastructure growth on track.
For the upcoming quarter, Oracle guided for revenue growth of 19% to 21% and adjusted earnings of $1.96 to $2.00 per share.
In its prior quarter, Oracle posted one of its strongest showings in years.
Revenue climbed 22% from a year earlier to $17.2 billion, while cloud sales rose 44% to $8.9 billion and Oracle Cloud Infrastructure revenue increased 84% to $4.9 billion.
The company raised its fiscal 2027 revenue target to $90 billion and said it plans to spend $45 billion to $50 billion in calendar 2026 to add OCI capacity.
This article first appeared on GuruFocus.
Oracle (NYSE:ORCL) is due to report fiscal fourth-quarter results after Wednesday's close, with investors watching whether the company can turn a large AI backlog into sales while keeping cloud infrastructure growth on track.
For the upcoming quarter, Oracle guided for revenue growth of 19% to 21% and adjusted earnings of $1.96 to $2.00 per share. Analysts expect revenue of $19.10 billion and EPS of $1.96.
In its prior quarter, Oracle posted one of its strongest showings in years. Revenue climbed 22% from a year earlier to $17.2 billion, while cloud sales rose 44% to $8.9 billion and Oracle Cloud Infrastructure revenue increased 84% to $4.9 billion.
Oracle also said remaining performance obligations, a measure of contracted future revenue, jumped to $553 billion, helped by agreements tied to AI customers including OpenAI, Meta and xAI. The company raised its fiscal 2027 revenue target to $90 billion and said it plans to spend $45 billion to $50 billion in calendar 2026 to add OCI capacity.
