Following the closing bell on Thursday, Oracle Corporation (ORCL) announced the results of its fiscal first quarter, including revenue of $9.4 billion and earnings per share of $0.93. Investors expected the software company to earn $0.86 per share on revenue of $9.19 billion.

The company’s $9.4 billion is 2% up from its year-ago period. Up as much as 7.9% in regular trading, Oracle shares briefly touched records but later closed down a fraction following cash flow concern raised by Stifle analyst Brad Reback. For many investors to have faith in momentum, it needs to show a catalyst.

In addition BofA analyst Kash Rangan awaits sustained revenue acceleration while Morgan Stanley analyst Keith Weiss questions durability of growth. However, all three analysts believe that momentum can continue. Stifle raised target price for the stock by $8, BofA by $5, and MS by $4.

BofA lifted its fiscal year 2021 sales and earnings forecasts from $39.2B and $4.11, respectively to $39.9B and $4.25 a share.

The street expects the company to earn $4.05 per share on full fiscal-year revenue of $39.3 billion. Investors also expect Oracle to ring up $0.94 in second quarter profit on revenue of $9.59 billion.

Key to Oracle are its infrastructure and cloud applications businesses. In its recent quarter, the first of the company’s fiscal 2021, Oracle reported that its “cloud services and license support revenues were up 2% in USD and in constant currency to $6.9 billion.” In the current quarter, Oracle reported a rapid growth rate for the Zoom business as it more doubled from the fourth quarter of fiscal 2020. The supplier stated that revenue from cloud license and on-premise license was up 9% to $886m on the same quarter last year.

Oracle also announced its dividend payment of 24 cents a share. That amounts to a 380 percent increase in dividend payments since ORCL first started paying out 5 cents a share in 2009. The cash dividend will be paid on October 22, 2020 to shareholders as of October 8, 2020.