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The U.S. technology giant Oracle announced a 6% rise in revenue for the latest fiscal quarter, totaling $14.1 billion. However, this figure fell short of analysts' consensus forecast of $14.4 billion. Furthermore, the company's outlook for the current quarter also missed expectations, triggering a decline in share prices during after-hours trading. Although Oracle's cloud business revenue did not meet projections, the company highlighted a surge in order volume, with a remaining performance obligation of $130 billion, marking a 33% increase from the prior fiscal quarter. Oracle anticipates that sustained growth in its cloud segment will propel revenue growth over the next two fiscal years, with an expected revenue increase of 15% in fiscal 2026 and 20% in fiscal 2027.
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