Oracle Corp (NYSE:ORCL) stock rose 9.84% (As on March 11, 11:18:11 AM UTC-4, Source: Google Finance) after the company reported quarterly results that surpassed Wall Street projections and boosted its revenue guidance for fiscal 2027. Net income rose to $3.72 billion, or $1.27 a share, from $2.94 billion, or $1.02 a share, in the same quarter a year earlier. The company reported $8.9 billion in total cloud revenue, including infrastructure and software as a service, or SaaS. The number was up 44% and more than the $8.85 billion consensus among analysts surveyed by StreetAccount. Oracle said it generated $4.9 billion in cloud infrastructure revenue, up 84%, a faster pace than the 68% growth in the prior quarter. The company touted cloud business from Air France-KLM, Lockheed Martin, SoftBank Corp. and Microsoft’s  Activision Blizzard video game subsidiary. Remaining performance obligations more than quadrupled to $553 billion from a year earlier — although it was slightly lower than StreetAccount’s $556 billion consensus

Moreover, Oracle has won large contracts to deliver cloud infrastructure to AI companies such as OpenAI, but has less cash on hand than larger competitors such as Amazon and Microsoft. Renting out Nvidia  graphics chips ekes out a smaller profit margin than selling software licenses, and Oracle reported $13.18 billion in negative free cash flow for the past 12 months. During the quarter, Oracle announced plans to raise $45 billion to $50 billion in the fiscal year to expand its cloud infrastructure capacity. The company is planning for over 10 gigawatts worth of computing power coming online in the next three years. In Abilene, Texas, where Oracle and Crusoe are constructing a data center project for OpenAI, “two buildings are completely operational and the rest of the campus is on track.

ORCL in the third quarter of FY26 has reported the adjusted earnings per share of $1.79, beating the analysts’ estimates for the adjusted earnings per share of $1.70. The company had reported the adjusted revenue growth of 22 percent to $17.19 billion in the third quarter of FY26, beating the analysts’ estimates for revenue of $16.91 billion.

Oracle sees $1.92 and $1.96 in adjusted earnings per share for the fiscal fourth quarter, with revenue growth between 19% and 20%. LSEG’s consensus included $1.70 per share and 20% revenue growth. Management pushed up the company’s fiscal 2027 revenue forecast by $1 billion to $90 billion. Analysts polled by LSEG had anticipated $86.6 billion.