India, June 11 -- Tech major Oracle Corp. issued first-quarter outlook expecting higher results, and raised fiscal 2027 earnings view, after reporting significant growth in fourth-quarter results driven by Cloud Infrastructure & Cloud Applications.
Meanwhile, the shares were losing around 10 percent in the pre-market activity on the NYSE, after the firm said it expects to raise around $20 billion more through a combination of debt and equity financing.
Regarding the capital investment program and capital funding, Oracle said it expects to raise approximately $40 billion in fiscal 2027 including its previously announced $20 billion at-the-market equity issuance. In fiscal year 2026, Oracle raised $43 billion in debt financing and $5 billio...