Reports Q1 revenue up 30% to $19.3B, initiates Q2 and FY27 guidance

Oracle reported total revenues of $19.3 billion for the first quarter of fiscal year 2027, an increase of 30% from the previous year. This revenue growth was driven by a significant increase in Cloud Infrastructure (IaaS) revenue, which grew by 121% to $7.4 billion. Cloud Applications (SaaS) revenue also contributed to the overall cloud revenue increase, rising by 10% to $4.2 billion, bringing total cloud revenues (IaaS + SaaS) to $11.6 billion, up 62%.

In contrast, software revenues decreased by 3% to $5.5 billion, reflecting a continued customer migration from on-premises software to cloud services. Services revenues saw a 5% increase to $1.4 billion, and hardware revenues grew by 15% to $0.8 billion. The company reported a GAAP diluted EPS of $1.56, marking a 55% rise, while non-GAAP diluted EPS increased by 30% to $1.92.

Oracle also provided guidance for the second quarter of fiscal year 2027, projecting total revenues to grow between 30% and 34% in both USD and constant currency. For the full fiscal year 2027, Oracle expects total revenue to be at least $90 billion, with non-GAAP EPS projected at $8.10. The company’s Remaining Performance Obligations (RPO) grew by $209 billion year-over-year to $664 billion, following over $30 billion in new AI cloud contracts during the quarter.

The company further announced a quarterly cash dividend of $0.50 per share of outstanding common stock, payable on October 23, 2026, to stockholders of record as of October 9, 2026. Additionally, a dividend of $1,625 per share was declared for its Mandatory Convertible Preferred Stock, payable on October 15, 2026.