Story perspectives

Oracle Posts $19.2B Revenue, Cloud Up 47%, Cuts Jobs

6/11/2026

Summary

Oracle Cloud Surge

Oracle Corp reported record Q4 FY2026 revenue of $19.2 billion, beating the $19.1 billion estimate, with EPS of $2.11.
Oracle said cloud revenue hit $9.9 billion, up 47% YoY, and expects FY27 cloud revenue to grow 57%-63% in constant currency.
The company plans to raise about $40 billion in FY27 through debt and equity, including a $20 billion at-the-market equity issuance.
Oracle began a restructuring on March 31, 2026, cutting 20,000-30,000 jobs to shift $8-10 billion of cash flow toward AI infrastructure.

Summary

Oracle Shares Slide

Oracle shares fell below $200, trading around $198 after a more-than-3% drop, reaching a two-week low.
Bank of America raised its price target to $240, UBS to $285, and Citigroup to $330, while technical analysis notes resistance near $210-$212 and support at $200.
Hilary Maxson will become Oracle’s chief financial officer next quarter, adding uncertainty to the firm’s strategy.

History

Historical Context

In 1993 IBM, reeling from an $8 billion loss, hired Lou Gerstner who refocused the firm toward services, laying the groundwork for its later cloud push. That restructuring proved a template for later moves, such as Oracle’s 2026 plan to invest $8-10 billion in AI-focused infrastructure. Analysts now watch Oracle’s cloud earnings, up 47% YoY, as the next test of the services-first strategy.

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Oracle Cloud Surge

Oracle Corp reported record Q4 FY2026 revenue of $19.2 billion, beating the $19.1 billion estimate, with EPS of $2.11.
Oracle said cloud revenue hit $9.9 billion, up 47% YoY, and expects FY27 cloud revenue to grow 57%-63% in constant currency.
The company plans to raise about $40 billion in FY27 through debt and equity, including a $20 billion at-the-market equity issuance.
Oracle began a restructuring on March 31, 2026, cutting 20,000-30,000 jobs to shift $8-10 billion of cash flow toward AI infrastructure.

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