Oracle Chairman and CTO Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.
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Oracle Microsoft Corp. shares rose 8% in extended trading Monday after the database software company reported fiscal first-quarter results that beat Wall Street estimates.
Here's how the company performs compared to the LSEG consensus:
Earnings per share: $1.39 adjusted vs. $1.32 expectedRevenue: $13.31 billion vs. $13.23 billion expected
Oracle's revenue rose 8 percent from $12.45 billion a year earlier, according to a statement. Net income rose to $2.93 billion, or $1.03 a share, from $2.42 billion, or 86 cents a share, in the year-ago quarter.
The company said its cloud services and licensing support businesses generated $10.52 billion in revenue, up 10% from a year earlier and above the StreetAccount consensus of $10.47 billion.
Oracle's cloud and on-premises licensing segment generated $870 million in revenue, up 7% and above the StreetAccount consensus of $757.6 billion.
Cloud infrastructure revenue was $2.2 billion, up 45%. This represents an acceleration compared to the previous quarter, when revenue was up 42%.
During the quarter, Oracle announced the opening of a second cloud region in Saudi Arabia and said its database software would be available through Google Public cloud.
In a separate statement on Monday, Oracle said it will partner with a leader in the cloud infrastructure market. Amazon Web services to enable their database services on dedicated machines.
Excluding after-hours trading, Oracle stock is up about 34% so far this year, while the S&P 500 is up about 15%.
Executives will issue guidance and discuss the results with analysts on a conference call beginning at 5 p.m. ET.
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