Oracle Q1 Earnings Surpass Estimates, Revenues Increase Y/Y

Oracle (ORCL) reported first-quarter fiscal 2025 non-GAAP earnings of $1.39 per share, which beat the Zacks Consensus Estimate by 5.3% and increased 16.8% year over year. At constant currency (cc), earnings increased 18% year over year.Revenues rose 6.9% (up 8% at cc) year over year to$ 13.3 billion and beat the Zacks Consensus Estimate by 0.68%, driven by continued momentum from its Oracle Cloud Infrastructure (“OCI”) business, including from winning cloud-computing contracts from AI-focused startups. Shar ...