nextplatform.com
Despite Hefty Capital Investments, The Cloud Starts Paying Off For Oracle
Oracle reported record $19.18 billion revenue for Q1 fiscal 2027, a 29.6 % year‑over‑year increase and the first time a fiscal year’s first quarter has outpaced the prior fourth quarter in its 50‑year history. Cloud infrastructure sales jumped 61.5 % to $11.61 billion, with IaaS revenue doubling to $7.4 billion and growing 27.6 % sequentially. Operating income rose 57.3 % to $6.73 billion and net income 62.6 % to $4.76 billion. The surge is driven by a $664 billion backlog, of which Oracle expects to convert roughly half into [...]