TREE NEWS update: Oracle reported record quarterly revenue of $19.3 billion, up 30% year over year, marking the first sequential revenue increase in its fiscal first quarter. Cloud infrastructure (OCI) revenue jumped 121% to $7.4 billion, while non-GAAP operating income rose 31% to $8.2 billion and non-GAAP EPS came in at $1.92, up 30%. The company raised its fiscal 2027 revenue guidance to at least $90 billion, implying 34% growth, and guided Q2 total revenue up 30%-34% with cloud growth of 65%-71%.
Oracle Q1 Revenue Hits Record $19.3B, OCI Up 121%
AI take
The standout is OCI's 121% growth against total revenue up 30%, meaning cloud infrastructure is now doing the heavy lifting in Oracle's mix rather than riding along with legacy software. The raised fiscal 2027 guide and the Q2 cloud range of 65%-71% imply management expects that gap to persist rather than normalize, which matters for anyone tracking where enterprise AI and data-center spending is actually landing. Whether OCI can hold triple-digit growth as it scales is the open question.
Generated by AI for reference only.
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