US futures rise as Oracle’s earnings boost tech sector sentiment

Tech earnings season has a way of resetting the mood on Wall Street, and Oracle just handed investors a reason to feel better about a sector that has had a rough year. US equity futures climbed Friday morning after Oracle reported a fiscal first quarter that beat expectations across nearly every metric, while falling oil prices added a second tailwind to a market that was overdue for some good news. S&P 500 futures rose roughly 0.5%, with Nasdaq 100 futures up about 0.6%, as traders digested Oracle’s report from the prior evening alongside a meaningful pullback in crude prices. Oracle’s numbers were not subtle Oracle posted total revenue of $19.35 billion for its fiscal first quarter of 2027, a 30% increase compared to the same period a year earlier, and ahead of the analyst consensus of $19.14 billion. The company’s adjusted earnings per share came in at $1.92, clearing the expected $1.74 by a comfortable margin. The headline that really moved markets, though, was cloud infrastructure revenue: up 121% year-over-year to $7.4 billion. Total cloud revenue for the quarter reached $11.6 billion, a 62% annual increase. Oracle also disclosed that it signed over $30 billion in new AI ...