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Oracle's Revenue Soars 22% Amid AI Expansion Plans

3/12/2026

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Summary

Story summary

Oracle Corporation reported strong fiscal third-quarter results with revenue totaling $17.2 billion, up 22% year over year.
The cloud computing segment generated $8.9 billion, up 44% from last year.
Shares rose over 9% following the announcement.
The company plans to raise up to $50 billion to expand its artificial intelligence (AI) infrastructure, supported by contracts totaling over $29 billion, according to CEO Clayton Magouyrk.

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Story summary

Oracle Corporation reported strong fiscal third-quarter results with revenue totaling $17.2 billion, up 22% year over year.
The cloud computing segment generated $8.9 billion, up 44% from last year.
Shares rose over 9% following the announcement.
The company plans to raise up to $50 billion to expand its artificial intelligence (AI) infrastructure, supported by contracts totaling over $29 billion, according to CEO Clayton Magouyrk.