tech

March 10, 2026

Oracle stock jumps 10% on earnings beat and increased guidance as cloud revenue climbs 44%

Oracle boosted its revenue backlog total by $30 billion during the February quarter.

Oracle stock jumps 10% on earnings beat and increased guidance as cloud revenue climbs 44%

TL;DR

  • Oracle shares increased by 10% in extended trading after reporting quarterly results that exceeded Wall Street expectations.
  • The company raised its fiscal 2027 revenue forecast by $1 billion to $90 billion.
  • Oracle's total cloud revenue grew by 44% year over year, reaching $8.9 billion.
  • Cloud infrastructure revenue saw an 84% increase, driven by major client wins.
  • Oracle reported $553 billion in remaining performance obligations, more than quadrupling from the previous year.
  • The company plans to invest significantly in expanding its cloud infrastructure capacity.
  • Oracle is leveraging AI technologies to improve product development efficiency and reduce costs.

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