AI & Enterprise
Oracle raises guidance after strong third-quarter results; cloud revenue jumps 44 percent
Oracle reported results that beat market expectations, sending its shares up 7 percent, CNBC reported on March 10. Oracle also raised its 2027 revenue guidance to $90 billion. In the fiscal quarter ended in late February, total revenue rose 22 percent from a year earlier, while cloud revenue jumped 44 percent to $8.9 billion. Cloud infrastructure revenue increased 84 percent.
