UPDATE 1-Oracle beats fourth-quarter revenue estimates amid AI spending worries

Oracle Corporation

Oracle Corporation

ORCL

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June 10 (Reuters) - Oracle ORCL.N 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.




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