Investing.com -- Oracle (NASDAQ: ORCL) on Wednesday delivered a quarterly top- and bottom-line beat and raised its annual adjusted profit per share guidance.

However, shares of the company fell 6.1% in extended trading after it said it expects to raise $40 billion in financing in fiscal full-year 2027.

The Austin, Texas-based firm in recent years has turned its focus to cloud computing infrastructure, while its core offerings such as database software and enterprise applications for finance continue to bring in revenue. However, worries have abounded over the impact that artificial intelligence can have on ORCL’s core business.

Oracle has attempted to quell investor concerns by becoming a major player in the development of data centers to support AI workloads. But the amount of debt the company has been raising to fund its data center ambitions has been severely scrutinized. ORCL had intended to raise $50 billion in debt and equity financing in fiscal 2026, ultimately hitting $48 billion.

"In fiscal year 2027, Oracle expects to raise approximately $40 billion through a combination of debt and equity financing including its previously announced $20 billion at-the-market equity issuance. Oracle does not expect to issue additional debt in calendar year 2026," the company said in a statement.

ORCL reported adjusted earnings of $2.11 per share on revenue of $19.18 billion for its fiscal Q4 2026. Analysts had expected a profit of $1.95 per share on revenue of $19.10 billion.

The company also provided guidance for Q1 2027. It sees adjusted earnings of $1.72 per share to $1.76 per share on revenue growth of 27% to 29%. Analysts are looking for Q1 profit of $1.69 per share.

Turning to annual forecasts, Oracle reaffirmed its fiscal full-year 2027 total revenue target of $90 billion, and raised its adjusted profit per share outlook to $8.05.