Oracle CEO Safra Catz, center, speaks during a dinner at the White House in Washington on Sept. 4, 2025. President Donald Trump hosted technology and business leaders for dinner after they joined First Lady Melania Trump’s meeting of the Artificial Intelligence Education Task Force at the White House.
Alex Wong | Getty Images
Oracle shares spiked 21% in extended trading on Tuesday after the database software maker indicated hefty growth prospects even as earnings and revenue missed estimates.
Here’s how the company did in comparison with LSEG consensus:
- Earnings per share: $1.47 adjusted vs. $1.48 expected
- Revenue: $14.93 billion vs. $15.04 billion expected
Revenue increased 12% from a year earlier during the quarter, which ended on Aug. 31, according to a statement. Net income was about flat at $2.93 billion, or $1.01 per share, compared to $2.93 billion, or $1.03 per share, in the same quarter last year.
Oracle said its remaining performance obligation, a measure of contracted revenue that has not yet been contracted, now stands at $455 billion, up some 359% from a year earlier. During the quarter OpenAI said it signed an agreement with Oracle to develop 4.5 gigawatts of U.S. data center capacity.
Alongside larger cloud providers such as Microsoft, Oracle has been one of the big winners of the AI boom, due to its cloud infrastructure business and its access to Nvidia’s graphics processing units (GPUs) needed for large workloads. CEO Safra Catz said in the statement that the company signed four multibillion-dollar contracts with three different customers in the quarter.
Also in the quarter, Oracle said cloud rival Google’s Gemini artificial intelligence models would become available on Oracle’s cloud infrastructure.
Oracle’s generated $3.3 billion in revenue from cloud infrastructure, up 55%. The growth rate was 52% in the fiscal fourth quarter.
The shares hit a record last month and are up 45% in 2025 as of Tuesday’s close, while the S&P 500 index has gained 11%. A gain of 22% on Wednesday would represent the best day for the stock since the dot-com boom of 1999 and the third-best day ever. It would also lift the company’s market cap past $800 billion.
Executives will discuss the results and issue guidance on a conference call starting at 5 p.m. ET.
This is developing news. Please check back for updates.
— CNBC’s Ari Levy contributed to this report
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