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Oracle beats fourth-quarter revenue estimates amid AI spending worries
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Oracle beats fourth-quarter revenue estimates amid AI spending worries
Jun 10, 2026 1:33 PM

June 10 (Reuters) - 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% 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)

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