Oracle reported a strong quarter with revenue growth of nearly 30% and a surge in cloud infrastructure revenue, but its shares fell as investors focused on high capital expenditures and increased debt. The company’s first-quarter earnings, delivered on Sept. 10, beat consensus estimates, while Oracle Cloud Infrastructure benefited from enterprise AI training workloads and global GPU cluster deployments. Remaining performance obligations stood at $664 billion, supported by multi-cloud database integrations across Microsoft Azure, Google Cloud and Amazon Web Services. Oracle guides gross capital expenditures of $90 billion to $95 billion for fiscal 2027, after spending $28.5 billion in first-quarter FY2027, and quarterly free cash flow was negative $5.4 billion. The company also plans to raise an additional $40 billion through debt and equity financing. With roughly $125 billion in total debt, Oracle remains sensitive to borrowing costs and refinancing conditions. About half of the backlog is expected to convert into revenue over 36 months, with the newest wave affecting fiscal 2028 and beyond. An earlier market update cited by the existing record placed Oracle shares up 1.71% at $142.75, according to Benzinga Pro data, while the newer report describes a subsequent selloff. Wall Street analysts remain bullish despite the decline, although the supplied report is truncated before detailing their views.