Lates News

On Tuesday, Oracle (ORCL.N) revealed better-than-expected earnings and made optimistic long-term revenue forecasts (due to its strong focus on investing in the artificial intelligence data center field), causing its stock price to rise by 7.8% after hours. The data released showed that Oracle's revenue for the third quarter of fiscal year 2026 grew by 22% year-on-year to reach $17.2 billion, surpassing market expectations of $16.9 billion. Additionally, the company has raised its revenue forecast for fiscal year 2027 to $90 billion, higher than market expectations. Oracle has launched a strong offensive aimed at competing with larger rivals such as Amazon and Microsoft in providing computing resources for artificial intelligence companies.