Oracle reported fiscal fourth-quarter earnings on Wednesday against a backdrop of fresh AI jitters, fueled by conservative Broadcom guidance and macro pressure from hawkish jobs and inflation data. It also said it would issue tens of billions more in debt or equity to fund its AI infrastructure push.
The database software company turned hyperscaler posted revenue and earnings that beat analyst expectations:
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Sales of $19.2 billion (estimate: $19.1 billion).
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Adjusted earnings per share of $2.11 (estimate: $1.96). It would have been $2.03 without one-time net investment gains.
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RPO (remaining performance obligations, or backlog) of $638 billion (estimate: $601.1 billion).
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Oracle Cloud Infrastructure revenue of $5.8 billion, versus Wall…