AI: Oracle achieves record sales thanks to AI boom - annual targets raised
The rapid growth of the cloud division brings Oracle significant increases in revenue and profit. Despite the high debt, investors react with relief to the raised forecast.
Oracle has reported a surge in profit and a record quarterly revenue, driven by its rapidly growing cloud division. The company's investments in AI data centers are paying off, with a 30% increase in revenue and operating profit in the past quarter. Oracle's quarterly revenue reached $19.3 billion, with a net income of $1.56 per share, and its order backlog grew to $664 billion.
The company has raised its annual targets, expecting an adjusted profit of $8.10 per share and revenue of at least $90 billion for the 2026/2027 fiscal year. Oracle's shares rose 7% in after-hours trading on Wall Street following the announcement.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
