Oracle Stock Climbs On Strong Q1 Results, Partnerships With Google Cloud, AWS

Oracle Corporation (NYSE:ORCL) reported its first-quarter financial results after Monday's closing bell. Here's a look at the details from the report. 

The Details: Oracle reported quarterly earnings of $1.39 per share, which beat the analyst consensus estimate of $1.32 by 5.3%. Quarterly revenue came in at $13.307 billion, beating the consensus estimate of $13.231 billion and representing a 6.86% increase over the same period last year.

Cloud Infrastructure (IaaS) revenue was $2.2 billion, up 45%.

Cloud Application (SaaS) revenue was $3.5 billion, up 10%.

Fusion Cloud ERP (SaaS) revenue of $900 million grew 16% in the quarter.

NetSuite Cloud ERP (SaaS) revenue was $900 million billion, up 20%.

Total Remaining Performance Obligations rose 53% to $99 billion in the first quarter.

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“As Cloud Services became Oracle’s largest business, both our operating income and earnings per share growth ...