Oracle Corporation: Cloud infrastructure growth accelerated to triple digits

Oracle Corporation 2027 Q1: Financial Performance summary

• Cash flow from operations was a record $23 billion, while $28 billion of CapEx resulted in negative free cash flow of $5 billion and net cash CapEx of $18 billion.
• Cloud applications revenue increased 10%, including 14% growth for Fusion and more than 20% growth in industry applications.
• Cloud infrastructure revenue was $7.4 billion, up 121% year over year, following 93% growth in Q4.
• Non-GAAP EPS increased 30% to $1.92, supported by revenue growth, operating leverage, and lower operating costs.
• Non-GAAP operating income rose 31% to $8.2 billion, while non-GAAP operating margin remained approximately flat at 42%.
• Q1 total revenue reached a record $19.3 billion, up 30% year over year in U.S. dollars, with sequential growth for the first time in Q1.
• Remaining performance obligations increased $26 billion from Q4, with much of the new contracting supported by prepayments or bring-your-own-hardware arrangements.