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Earnings Callsⓘ
Q1 2026September 11, 2026
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This quarter’s results fell short of expectations, primarily due to a slowdown in cloud business growth and macroeconomic uncertainty.
Key data: Total revenue grew 8% year-over-year, and cloud service revenue increased 12%, both below market expectations.
Business progress: This quarter, the company focused on advancing AI infrastructure deployment on OCI (Oracle Cloud Infrastructure) and signed long-term cloud contracts with multiple enterprises. However, management acknowledged that some customers delayed migration plans due to cost optimization. Meanwhile, the database business remained stable, but traditional license revenue declined.
Guidance and outlook: Management lowered revenue expectations for the next quarter, forecasting cloud revenue growth to slow to single digits, and warned that full-year performance may face pressure.
Risk/highlight signals: Management’s tone was cautious, emphasizing that customer spending has become more conservative, but no major layoffs or restructuring plans were mentioned.