Oracle has raised its annual revenue growth forecast due to strong expected demand for cloud services, particularly those targeted at artificial intelligence applications. This optimism led to a more than 7% increase in their share price following the announcement. The company now anticipates at least $67 billion in revenue for the fiscal year 2026, reflecting a growth rate of approximately 16.7%. Analysts note the significant rise in cloud applications and infrastructure as key growth drivers, especially with Oracle's integration of generative AI capabilities into its offerings.
Oracle's decision to integrate generative AI capabilities into its cloud applications at no additional cost lowers the barriers to adoption and encourages innovation.
The combined growth of cloud applications and infrastructure will rise from 24% in fiscal year 2025 to more than 40% in fiscal year 2026.
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