Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand.
Shares of the company fell 2 per cent in extended trading, after it said it expects to raise nearly $40 billion through a combination of debt and equity financing in fiscal 2027.
The company reported total revenue of $19.18 billion for the quarter, compared with analysts’ average estimate of $19.10 billion, according to data compiled by LSEG.
(Reporting by Juby Babu in Mexico City; Editing by Arun Koyyur)
