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Oracle shares rise 7% after cloud infrastructure revenue more than doubles

Oracle reported fiscal first-quarter results that topped Wall Street forecasts, with adjusted earnings of $1.92 per share and revenue of $19.35 billion, both above LSEG estimates. Revenue climbed nearly 30% year over year, driven largely by rapid growth in cloud infrastructure as Oracle pushes deeper into AI-related data center buildouts. The company raised its long-term outlook, now projecting $8.10 in adjusted earnings per share on at least $90 billion in revenue for fiscal 2027.

cnbc.com · 2026-09-10

Snowflake shares jump 22% after strong quarterly earnings and raised outlook

Snowflake reported fiscal second-quarter revenue of $1.55 billion, up 35% year over year, and adjusted earnings of 62 cents per share, both beating analyst expectations. The company raised its full-year product revenue forecast to $6.07 billion and pointed to growth in its CoCo AI coding agent, which now serves over 9,100 accounts after adding 2,000 in the quarter.

cnbc.com · 2026-09-02