Oracle up after forecasting fiscal 2026 revenue growth above expectations
ReutersMar 10, 2025 8:32 PM
Shares of cloud service provider Oracle ORCL.N rise 3.5% to $154 after the bell
Company expects that "$130 billion sales backlog will help drive a 15% increase in Oracle's overall revenue in our next fiscal year beginning this June" — CEO Safra Catz
Analysts expect revenue growth for fiscal 2026 to be 12.6%
Posts Q3 revenue of $14.13 billion vs estimate of $14.39 billion, according to data compiled by LSEG
Reports Q3 adj. EPS of $1.47 vs estimate of $1.49
ORCL fell 10% this year, as of Monday's close
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