TradingKey – In Friday’s U.S. pre-market trading, Oracle (ORCL) shares jumped over 7% at one point, as its latest first-fiscal-quarter revenue, adjusted EPS, and order backlog all exceeded market expectations, while the company modestly raised its full-year earnings target as AI infrastructure demand continues to drive rapid cloud expansion.

Source: TradingView

Oracle’s fiscal 2027 first-quarter revenue reached $19.345 billion, up 30% year-over-year and above market expectations of approximately $19.1 billion; adjusted EPS rose 30% to $1.92, also significantly beating analysts’ estimates of $1.74 to $1.75. The company’s GAAP net income climbed to $4.76 billion, up 63% year-over-year, indicating that AI cloud expansion has begun to…