Oracle Shares Dip as Earnings Miss Despite AI Growth
TL;DR Summary
Oracle reported Q2 revenue of $14.06 billion, missing estimates slightly, with adjusted EPS also falling short. Cloud revenue grew 24% year-over-year, driven by strong AI demand, with Oracle's cloud infrastructure revenue up 52%. CEO Safra Catz and CTO Larry Ellison highlighted significant growth in AI, with Oracle's AI infrastructure being faster and cheaper than competitors. Despite the earnings miss, Oracle anticipates continued growth, projecting cloud revenue to exceed $25 billion this fiscal year. Oracle's stock fell 6.3% in after-hours trading.
- Oracle Q2 Earnings: Revenue Miss, EPS Miss, AI Growth, Ellison Says 'Opportunity Is Unimaginable' Benzinga
- Oracle shares slide on earnings and revenue miss CNBC
- Oracle’s roaring stock rally cools as latest results fail to live up to the hype MarketWatch
- Oracle Sets the Date for its Second Quarter Fiscal Year 2025 Earnings Announcement Oracle - Investor Relations
- Oracle needs to 'keep doing what they're doing': Analyst Yahoo Finance
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