Oracle (ORCL) stock experienced a significant jump after the company reported fiscal fourth-quarter results that surpassed expectations. Executives highlighted their optimism regarding revenue growth for fiscal 2026, driven by advancements in AI and cloud services. Oracle, headquartered in Austin, Texas, announced adjusted earnings of $1.70 per share for the quarter ending in May, representing a 4% increase from the previous year and exceeding analysts’ forecasts of $1.64 per share. Revenue rose by 11% to $15.9 billion, surpassing the estimated $15.6 billion.
The cloud infrastructure segment saw a 52% revenue increase to $3 billion, up from 49% growth in the previous quarter. This segment is crucial for Oracle’s ambition to become an AI leader, competing with Amazon (AMZN) and Microsoft (MSFT). Remaining performance obligations (RPO), a measure of backlogged work, grew by 41% to $138 billion.
CEO Safra Catz stated that Oracle anticipates substantial growth during the current fiscal year ending in May 2026. Chairman Larry Ellison emphasized the rapid growth rates and demand for Oracle Cloud Infrastructure. In after-hours trading, Oracle stock increased more than 6% to 187.70.
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