Oracle Q1 earnings beat expectations with $1.92 EPS vs $1.74 expected; cloud infrastructure revenue doubles to $7.4B, stock jumps 7% after hours as AI-driven data center expansion fuels 30% revenue growth to $19.35B

Oracle's stock jumps 7% on earnings beat as cloud infrastructure revenue more than doubles

The logo of the software and hardware manufacturer Oracle can be seen at the company's German headquarters in Munich on Sept. 25, 2023.Sven Hoppe | Picture Alliance | Getty ImagesOracle shares jumped 7% in extended trading on Thursday after the software vendor issued stronger-than-expected quarterly results. Here's how the company performed relative to LSEG consensus:Earnings per share: $1.92 adjusted vs. $1.74 expectedRevenue: $19.35 billion vs. $19.14 billion expectedOracle's revenue grew almo...