On June 11, Oracle reported quarterly capital expenditures that exceeded expectations, raising investor concerns about the profitability of the company's AI infrastructure business. Oracle's stock fell over 7% in after-hours trading. For the fiscal quarter ending May 31, the company's capital expenditures totaled $15.9 billion, bringing the total for the year to $55.7 billion, higher than Oracle's previous forecast of $50 billion. Oracle's adjusted earnings per share for the fourth quarter were $2.11, compared to an expectation of $1.97; adjusted revenue for the fourth quarter was $19.18 billion, above the expected $19.09 billion; and fourth-quarter cloud infrastructure revenue (IaaS) was $5.79 billion, estimated at $5.72 billion. Oracle expects total revenue growth of 27% to 29% in the first quarter. The company anticipates adjusted earnings per share for the first quarter to be between $1.72 and $1.76, while the market expectation is $1.69. Oracle projects to raise approximately $40 billion through debt and equity financing by fiscal year 2027, which includes a previously announced $20 billion market-priced issuance plan.