Oracle has reported better-than-expected results for its latest quarter, with cloud infrastructure revenue expected to grow more than 70% by 2026. The software company’s CEO, Safra Catz, also said that Oracle is likely to surpass earnings projections in the coming years.
In a statement, Catz announced that revenue increased 11% year-over-year during the fiscal fourth quarter and net income rose to $3.43 billion. Cloud infrastructure revenue for the quarter was $11.7 billion, exceeding analyst expectations of $11.59 billion.
Catz also expressed confidence in Oracle’s ability to meet its revised targets, including a forecast of more than $67 billion in revenue by 2026 and $104 billion by 2029. She attributed the company’s strong growth to accelerating cloud adoption.
Additionally, Catz announced that Oracle has secured several major deals, including a partnership with Cleveland Clinic and G42 on an AI delivery platform for healthcare. The company also plans to move infrastructure to its own cloud, following Chinese online retailer Temu.
Catz emphasized that while cost-cutting measures are underway, demand for cloud services remains high and is unlikely to decrease anytime soon. Oracle has received orders from major clients, including one for all available cloud capacity, which required significant adjustments to meet the demand.
Overall, Oracle’s strong quarterly results demonstrate its commitment to cloud growth and expansion, as it continues to attract new customers and solidify its position in the market.
Source: https://www.cnbc.com/2025/06/11/oracle-orcl-q4-earnings-report-2025.html