Technology giant Oracle Corporation (NYSE: ORCL) reported double-digit growth in revenues and adjusted profit for the fourth quarter of fiscal 2026, aided by continued strong growth in its cloud business.
Fourth-quarter revenues increased to $19.2 billion from $15.9 billion in the same period last year, surpassing Wall Street’s projection. Earnings, excluding special items, were $2.11 per share in the fourth quarter, compared to $1.70 per share in the prior-year quarter. Earnings topped expectations.
On an unadjusted basis, the company reported a net income of $4.2 billion or $1.45 per share for Q4, vs. $3.43 billion or $1.19 per share in the fourth quarter of fiscal 2025.
For fiscal 2027, management expects revenues to grow from 27% to 29% in both constant currency and USD. Total Cloud revenue is expected to grow between 57% and 63% in constant currency and between 58% and 64% in USD.
Source link
#Oracle #ORCL #FY26 #earnings #rise #higher #revenues #beat #estimates #Alphastreet
