Reported about 4 hours ago
Oracle CEO Safra Catz has forecasted significant revenue growth for fiscal years 2026 and 2027, driven by increasing demand for AI cloud services. The company expects a 15% revenue increase for 2026 and 20% for 2027, both exceeding analyst predictions. To support this growth, Oracle is expanding its infrastructure, planning to double data center capacity within the year, and is also involved in a major AI joint venture. Despite slightly missing Q3 revenue expectations, the robust guidance reflects Oracle's confidence in its cloud business.
Source: YAHOO