Oracle Japan shares rise 7% on Q1 sales
Oracle Japan's shares rose by 7% after the company announced record sales and profits for the first quarter of the fiscal year, with strong growth in the cloud services sector at 31.7%, reaching revenues of 25.14 billion yen (approximately $174 million). Net sales totaled 74.86 billion yen ($472 million), with operating profits increasing by 22.7% to 25.92 billion yen, and net profit rising by 23.2% to 18.25 billion yen. The company forecasts full-year sales growth between 6% and 10%, and plans to expand its sovereign cloud offerings and strengthen AI solutions in Japan, with investments exceeding $8 billion in cloud infrastructure and AI over the next decade. This growth contrasts with Oracle's stock decline in the United States following the company's notice of "force majeure" related to the data center project in New Mexico.
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