Oracle earnings show slower cash burn as AI spending starts to pay off; stock jumps 4% after market

Oracle Corp topped Wall Street estimates for quarterly results as it reported a smaller-than-expected cash burn, giving investors fresh confidence that its aggressive AI investments are beginning to generate returns without putting excessive pressure on its balance sheet.

Shares of the company, which have slumped more than 21% this year, rose 4% in extended trading after Oracle reported a sharp jump in its revenue backlog, a key indicator of future growth prospects.