oracle's stock surged after reporting fiscal first quarter earnings that surpassed expectations the tech giant earned an adjusted $139 per share on sales of $1 13.3 billion beating analysts projections of $133 cents per share on $13.2 billion in sales this marks a significant improvement from last year's $19 per share oracle's growth is fueled by its Cloud infrastructure business which saw a 45% Revenue increase to $2.2 billion the company secured 42 new Cloud contracts for graphics processing units or gpus valued at $3 billion as cloud services became oracle's largest business both our operating income and earnings per share growth accelerated said CEO Safra Catz Oracle announced a multicloud agreement with Amazon web services or AWS marking a significant collaboration between the two rivals to meet this demand and give customers the choice and flexibility they want Amazon and Oracle are seamlessly connecting AWS services with the very latest Oracle database technology said chairman Larry Ellison oracle's stock jumped over 9% in after hours trading breaking past a [Music] 146.54 year to date outperforming the S&P 500's 15% gain analysts see this as a a positive sign for oracle's future growth and Market position our data analysis shows that more than 97% of our viewers have not yet subscribed we appreciate if you consider subscribing to our Channel we also notice that 60% of our viewers in the past 4 weeks were female we're glad that our female investors show more interest to this channel but come on guys come along thanks for watching market news short and sweet