Oracle Corp. shares soared after the company raised its fiscal 2026 revenue guidance and issued a bold forecast for the 2029 fiscal year. At an analyst meeting, Oracle projected at least $66 billion in revenue for fiscal 2026, exceeding analysts' expectations. Looking ahead to fiscal 2029, Oracle aims for over $104 billion in revenue and a 20% year-over-year growth in earnings per share.
Oracle Corp. CEO Safra Catz walks on the floor of the New York Stock Exchange as Oracle rang the opening bell in celebration of its 10th anniversary of listing on the exchange in New York on July 12, 2023.shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year.
Oracle's good week is continuing. Shares gained around 15% the past three trading sessions and are trading at a record after the company announced quarterly results thatOracle sometimes also gives guidance multiple years out. The company said on Thursday that, looking out to the 2029 fiscal year, it sees over $104 billion in revenue, along with year-over-year growth in earnings per share of 20%.
The company's cloud infrastructure revenue grew 45% in the most recent quarter, a quicker pace than at Amazon, Google or Microsoft.
Oracle Revenue Guidance Cloud Computing Artificial Intelligence Safra Catz
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oracle bumps up fiscal 2026 revenue forecast, lifting stock 6%Oracle is projecting higher revenue and capital expenditures as its cloud-computing arm grows.
Read more »
Africa's Biggest Airport Planned For 2029This new mega airport is set to handle up to 110 million passengers annually, surpassing all other airports on the continent.
Read more »
Japanese company to deorbit big hunk of space junk by 2029Tereza is a London-based science and technology journalist, aspiring fiction writer and amateur gymnast. Originally from Prague, the Czech Republic, she spent the first seven years of her career working as a reporter, script-writer and presenter for various TV programmes of the Czech Public Service Television.
Read more »
How the 2025-2029 Capital Program can help the MTA achieve its goalsEvery five years, the MTA is required to come up with a five-year Capital Program, where – together with State, City, and federal partners – we chart out
Read more »
Shelved NASA spacecraft could spy on asteroid Apophis before 2029 Earth flybyBrett is curious about emerging aerospace technologies, alternative launch concepts, military space developments and uncrewed aircraft systems. Brett's work has appeared on Scientific American, The War Zone, Popular Science, the History Channel, Science Discovery and more.
Read more »
Smartphones expected to push global eCommerce to $11.4 trillion by 2029Sebastian, a veteran of a tech writer with over 15 years of experience in media and marketing, blends his lifelong fascination with writing and technology to provide valuable insights into the realm of mobile devices.
Read more »