Oracle posts 30% revenue growth fueled by AI cloud demand as debts hits $125 billion

Oracle delivered financial results showing 30% revenue growth for the fiscal first quarter, with total revenue reaching $19.35 billion, surpassing LSEG consensus estimates of $19.14 billion. Net income increased substantially, climbing 60% to $4.7 billion compared to $2.93 billion in the comparable prior-year period.
Cloud revenue demonstrated particularly strong performance, rising 62% year-over-year to $11.6 billion. Cloud infrastructure revenue surged 121%, while cloud application revenue gr