oracle Shares rose 9% in extended trading on Monday after the database software provider reported fiscal first-quarter results that beat Wall Street estimates.

Here’s how the company performed compared to the LSEG consensus:

• Earnings per share: $1.39 adjusted vs. $1.32 expected
• Revenue: $13.31 billion compared to expected $13.23 billion

Oracle’s revenue rose 8 percent from the year-ago period ($12.45 billion). Net income rose to $2.93 billion, or $1.03 per share, from $2.42 billion, or 86 cents per share, in the year-ago quarter.

With a post-market price of around $153, Oracle is on track to hit a record on Tuesday. The stock’s previous highest closing price was $145.03 in July. Before the report, Oracle was up around 34 percent so far this year, compared to the S&P 500’s 15 percent gain.

For the current quarter, Oracle expects currency-adjusted revenue growth of 7 to 9 percent, said CEO Safra Catz in the conference call. According to LSEG, analysts had expected growth of 8.8 percent to $14.1 billion. The company expects adjusted earnings per share of $1.42 to $1.46 in constant currencies for the second quarter. Analysts had expected earnings of $1.47 per share.

The company said its cloud services and license support business generated revenue of $10.52 billion, up 10 percent from the previous year and above the Street Account consensus of $10.47 billion.

Oracle’s cloud and on-premises licensing segment reported revenue of $870 million, up 7% and exceeding the $757.6 billion forecast by StreetAccount.

Cloud infrastructure revenue was $2.2 billion, up 45 percent, an acceleration from the previous quarter, when revenue grew 42 percent.

“Demand continues to outstrip supply” for consumption-based cloud infrastructure, Catz said on the conference call.

During the quarter, Oracle announced the opening of a second cloud region in Saudi Arabia and said its database software will be available there. Google’s public cloud.

In a separate statement on Monday, Oracle announced that it would partner with the cloud infrastructure leader. Amazon Web Services to enable its database services on dedicated hardware.

Executives will provide guidance and discuss results with analysts in a conference call beginning at 5:00 p.m. ET.

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