Cloud computing for artificial intelligence (AI) training was still growing ‘faster than supply,’ Oracle said.
A trader works on the floor of the New York Stock Exchange on Jan. 7, 2026. Timothy A. Clary/AFP via Getty Images
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Shares of Oracle surged more than 8 percent in after-hours trading as the technology giant beat expectations and raised its revenue outlook for 2027.
Following the March 10 closing bell, Oracle reported that revenues surged 22 percent year-over-year to a higher-than-expected $17.19 billion in the fiscal third quarter, which ended on Feb. 28.
