{"id":1034540,"date":"2026-09-11T08:07:35","date_gmt":"2026-09-11T02:37:35","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1034540"},"modified":"2026-09-11T08:14:41","modified_gmt":"2026-09-11T02:44:41","slug":"oracles-quarterly-revenue-beats-estimates-as-ai-boom-drives-cloud-demand","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/11\/oracles-quarterly-revenue-beats-estimates-as-ai-boom-drives-cloud-demand\/","title":{"rendered":"Oracle&#8217;s quarterly revenue beats estimates as AI boom drives cloud demand"},"content":{"rendered":"<p>Oracle topped Wall Street expectations for first-quarter revenue on Thursday \u200band lifted its annual profit \u200bforecast, boosted by strong demand for its cloud \u200bcomputing services from surging enterprise spending on AI. <\/p>\n<p>Shares of the company, which have fallen more than 20% this year, rose nearly 6% in extended trading.<\/p>\n<p>The upbeat report \u200cindicates that \u2060Oracle&#8217;s heavy \u2060investment in data centers is bearing fruit, helping it secure more enterprise contracts.<\/p>\n<p>Oracle&#8217;s \u200brevenue backlog stood at $664 billion at the end of the first fiscal quarter, up \u200bfrom $638 billion in the prior three months, while analysts estimated $639.89 billion, according to data from Visible Alpha.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oracle topped Wall Street expectations for first-quarter revenue on Thursday \u200band lifted its annual profit \u200bforecast, boosted by strong demand for its cloud \u200bcomputing services from surging enterprise spending on AI. Shares of the company, which have fallen more than 20% this year, rose nearly 6% in extended trading. The upbeat report \u200cindicates that \u2060Oracle&#8217;s heavy \u2060investment in data centers is bearing fruit, helping it secure more enterprise contracts. Oracle&#8217;s \u200brevenue backlog stood at $664 billion at the end of the first fiscal quarter, up \u200bfrom $638 billion in the prior three months, while analysts estimated $639.89 billion, according to [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1034540","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1034540"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034540\/revisions"}],"predecessor-version":[{"id":1034551,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1034540\/revisions\/1034551"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1034540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1034540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1034540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}