Reported about 19 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