Shares of Oracle jumped more than 8% after the company reported stronger-than-expected earnings for its third quarter.
The tech giant said it generated $17.2 billion in revenue for the quarter. Earnings per share reached $1.79. Both numbers were higher than analysts’ expectations.
Oracle’s cloud business was a major driver of growth. Cloud revenue reached $8.9 billion, marking a 44% increase compared to the same period last year.
The company also reported net income of $3.7 billion. That represents a nearly 21% increase year over year.
Following the results, Oracle raised its outlook for the next quarter. The company now expects total revenue growth between 19% and 21%, while cloud revenue could grow as much as 50%.
Despite the strong report, Oracle’s stock has struggled recently. Shares have fallen sharply since reaching a record high in September 2025.
Some investors remain cautious about the company’s heavy spending on artificial intelligence infrastructure. Investor Michael Burry previously said he was betting against Oracle and other major AI-related companies.
Still, the latest earnings suggest Oracle’s cloud business continues to grow quickly, giving investors renewed confidence in the company’s strategy.
