11:01 AM EDT, 09/10/2025 (MT Newswires) -- Oracle's (ORCL) fiscal Q1 results showed accelerating top-line growth and record sales performance across businesses as the company "got off to a fast start" in fiscal 2026, Oppenheimer said in a Wednesday note.

Revenue climbed 12% year over year to $14.9 billion and adjusted EPS of $1.47 came in just below consensus, the firm noted, while cloud services and license support rose 15% to $12.1 billion.

Remaining performance obligations jumped 359% year over year to $455 billion, well above expectations, as multi cloud database revenue surged more than 1,500% in Q1 and Oracle's cloud infrastructure consumption growth accelerated to 67%, the firm noted.

Oppenheimer expects cloud growth of 40% in fiscal 2026.

The firm said higher capital spending is weighing on free cash flow, with fiscal 2026 capex projected at $35 billion, but investors are likely to look through near-term headwinds in favor of significant backlog growth.

Oppenheimer maintained a perform rating on the stock.

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