What You Need To Know Ahead of Oracle’s Earnings Report [Video]

Oracle (ORCL) is set to report earnings for the fourth quarter of fiscal 2024 after the bell on Tuesday, with investors watching for cloud infrastructure growth and strategy updates about sovereign artificial intelligence (AI).

Analysts project Oracle’s revenue to be $14.57 billion for the final quarter of fiscal 2024, up from the previous quarter and the same period in fiscal 2023, according to estimates compiled by Visible Alpha.

Net income is expected to be $3.33 billion, up from the quarter prior, and roughly flat from the year-ago period. Analysts anticipate diluted earnings per share (EPS) of $1.18, up from 85 cents the previous quarter and compared to $1.19 a year earlier.

Oracle reported in March that its cloud infrastructure drove the company’s remaining performance obligations to a record high on strong demand in the AI era.

The company said that large new cloud infrastructure contracts fueled the record quarter, with Oracle CEO Safra …