Oracle shares rose 6% in after-hours trading following the company's revised fiscal 2026 revenue forecast to at least $66 billion, surpassing analyst expectations. Oracle also issued a forecast for fiscal 2029, projecting revenue over $100 billion with 20% year-over-year EPS growth. CEO Safra Catz confidently endorsed the ambitious numbers, highlighting partnerships with Amazon, Google, and Microsoft to expand Oracle's database software reach via major cloud providers. Oracle's stock, now up 55% year-to-date, is at an all-time high.
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00:00It's Benzinga and here's what's on the block.
00:02Oracle shares rose 6% in after-hours trading following the company's revised Fiscal 2026
00:08revenue forecast to at least $66 billion, surpassing analysts' expectations.
00:13Oracle also issued a forecast for Fiscal 2029 projecting revenue over $100 billion, with
00:1920% year-over-year EPS growth.
00:22CEO Safra Katz confidently endorsed the ambitious numbers, highlighting partnerships with Amazon,
00:27Google, and Microsoft to expand Oracle's database software reach via major cloud providers.
00:33Oracle's stock, now up 55% year-to-date, is at all-time highs.
00:36For all things money, visit Benzinga.com.