The post Oracle’s stock rallies by 8.7% after earnings beat with +44% revenue of $8.9 billion appeared on BitcoinEthereumNews.com.

Oracle shares climbed hard after the company posted quarterly numbers that beat Wall Street estimates and lifted its fiscal 2027 revenue target. The stock rose as much as 10% in extended trading on Tuesday before trimming some of that jump. By press time, ORCL was still up 8.7%. The market reaction came after the software company reported adjusted earnings per share of $1.79, ahead of the $1.70 expected by analysts tracked by LSEG. Revenue came in at $17.19 billion, above the $16.91 billion consensus. The company also gave new guidance for the fiscal fourth quarter that kept investors focused on its cloud and AI buildout. Oracle said it expects adjusted earnings per share in a range of $1.92 to $1.96 in constant currency, and $1.96 to $2.00 in U.S. dollars. It said total revenue should grow 18% to 20% in constant currency and 19% to 21% in U.S. dollars. For cloud revenue, the company projected growth of 44% to 48% in constant currency and 46% to 50% in U.S. dollars. That is where a lot of the heat in this report sits. Oracle lifts forecasts as cloud demand and AI contracts pile up A major number in the report was remaining performance obligations, or RPO, which ended the quarter at $553 billion. That was up 325% from a year earlier and up $29 billion from the prior quarter. The company said most of that jump in the third quarter came from large AI contracts. It also said it does not expect to raise extra funds to support most of those deals because the equipment is largely covered upfront. In some cases, customers prepay so Oracle can buy the needed GPUs. In other cases, customers buy the GPUs themselves and provide them to Oracle. The company left its fiscal 2026 outlook…

---

Filed under: News - @ March 11, 2026 12:23 am