Summary by Futu AI
Oracle reported strong Q2 FY25 results, with total revenue up 9% to $14.1B. Cloud services and license support revenue grew 12% to $10.8B, while cloud revenue surged 24% to $5.9B. Infrastructure cloud services revenue skyrocketed 52%, driven by record AI demand.Earnings per share increased significantly, with GAAP EPS up 24% to $1.10 and non-GAAP EPS up 10% to $1.47. Oracle's remaining performance obligation reached $97B, up 50%. The company declared a quarterly dividend of $0.40 per share.CEO Safra Catz highlighted extraordinary AI-driven growth, with GPU consumption up 336%. Oracle signed an agreement with Meta for AI infrastructure and collaboration on AI agents. Chairman Larry Ellison emphasized Oracle's role in training critical AI models and developing specialized AI agents across various industries.