Gate News reports that on March 11, Oracle (ORCL.N) announced quarterly earnings that exceeded expectations and issued an optimistic long-term revenue forecast, causing its stock to rise 7.8% after hours. Data shows that Oracle’s revenue for Q3 of fiscal year 2026 grew 22% year-over-year to $17.2 billion, surpassing the market expectation of $16.9 billion. Additionally, the company raised its revenue forecast for fiscal year 2027 to $90 billion, above market expectations. Oracle is heavily betting on the AI data center sector, competing with Amazon and Microsoft for the market to provide computing resources for AI companies. Wedbush analyst said that Oracle’s Q3 earnings and outlook are likely to give investors “a sigh of relief,” and the projections for 2026 and 2027 indicate that the company has begun monetizing its AI business. Oracle also stated that it has raised $30 billion of the planned $50 billion investment and financing, which analysts say will ease investors’ concerns about Oracle’s ability to fund data center deals.
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