Oracle Beats Q1 Estimates, Guides FY Revenue Above $90B
Oracle beat Q1 estimates and guided FY revenue above $90B; Adobe beat Q3 estimates and raised full-year targets. Microsoft planned a data center expansion to 38 GW; Copart neared a $2B all-cash deal for ACVA; Middle East security incidents were reported.
- Oracle reported Q1 revenue of $19.3B and adjusted EPS of $1.92, both above estimates, with RPO at $664B after booking over $30B in AI cloud contracts and FY revenue guidance of at least $90B.$ORCL
- Adobe reported Q3 revenue of $6.76B and adjusted EPS of $6.13, both above estimates, raised full-year revenue and EPS targets, and guided Q4 revenue of $6.80B-$6.85B and EPS of $6.30-$6.35.$ADBE
- Microsoft plans to expand global data center capacity from about 12 GW to more than 38 GW by 2032, with AI-specific compute expected to reach about one-third of total capacity.$MSFT
- Copart is nearing an all-cash deal to acquire ACV Auctions, valuing it at nearly $2B in equity, with an announcement possible as soon as Thursday.$ACVA$CPRT
- The Pentagon is in talks to provide about a $5B loan to AI cloud-computing startup FluidStack to strengthen the U.S. data-center supply chain.
- Yemeni Armed Forces launched a missile attack on southern Saudi Arabia, while UKMTO reported projectiles hitting two vessels near Khasab, Oman, causing fire on one vessel.