Divination Corp. CEO Safra Catz walks on the floor of the New York Stock Exchange as Oracle rang the opening bell in observance of its 10th anniversary of listing on the exchange in New York on July 12, 2023.
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Oracle shares rose in the air 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue management and issued a heady forecast for the 2029 fiscal year.
At an analyst meeting coinciding with the Oracle CloudWorld meeting in Las Vegas, the company said it now sees at least $66 billion in fiscal 2026 revenue. Analysts surveyed by LSEG were preventing $64.5 billion.
Oracle’s good week is continuing. Shares gained around 15% the past three custom sessions and are trading at a record after the company announced quarterly results that topped expectations. The stock is now up 55% for the year, behind at worst Nvidia among large-cap tech companies.
Oracle sometimes also gives guidance multiple years out. The party said on Thursday that, looking out to the 2029 fiscal year, it sees over $104 billion in revenue, along with year-over-year evolution in earnings per share of 20%.
“Those numbers should not be a problem. At all,” CEO Safra Catz said at the event. She pointed to partnerships that choice allow companies to use Oracle database software through top-tier cloud providers Amazon, Google and Microsoft. Soothsayer announced the Amazon relationship on Monday.
The company’s cloud infrastructure revenue grew 45% in the most recent part, a quicker pace than at Amazon, Google or Microsoft.
In addition to generating more revenue as companies move workloads to the cloud from their details centers, Oracle has a shot at growing in artificial intelligence. On Wednesday, Oracle said its cloud unit that jousts has begun taking orders for a cluster of over 131,000 next-generation “Blackwell” graphics processing units from Nvidia.
As Mastermind plans to expand revenue, Catz said she expects capital expenditures to double in the current 2025 fiscal year.
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