Oracle Shares Pop After Tech Giant Beats Estimates, Raises Revenue Outlook

Cloud computing for artificial intelligence training was still growing ‘faster than supply,’ Oracle said.

A trader works on the floor of the New York Stock Exchange on Jan. 7, 2026. Timothy A. Clary/AFP via Getty Images

Shares of Oracle surged by more than 8 percent in after-hours trading as the technology giant beat expectations and raised its revenue outlook for 2027.

Following the March 10 closing bell, Oracle reported that revenues surged by 22 percent year over year to a higher-than-expected $17.19 billion in the fiscal third quarter, which ended on Feb. 28.