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Oracle Announces Optimistic Long-Term Revenue Outlook, Shares Surge Nearly 8% After Hours
10 hour ago /
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Author：小编
On Tuesday, Oracle reported earnings that exceeded expectations and provided an optimistic forecast for long-term revenue, leading to a 7.8% surge in its share price after hours, as it heavily bets on the artificial intelligence data center sector. In the third quarter of fiscal year 2026, Oracle's revenue increased by 22% year-on-year to $17.2 billion, surpassing market expectations. Meanwhile, the company raised its revenue forecast for fiscal year 2027 to $90 billion, also exceeding market expectations. Currently, Oracle is actively competing with the likes of Amazon and Microsoft to provide computing resources for artificial intelligence companies.
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