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

Cloud computing for artificial intelligence (AI) 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 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 22 percent year-over-year to a higher-than-expected $17.19 billion in the fiscal third quarter, which ended on Feb. 28.