From Financial Modeling Prep: 2025-03-11 12:59:00

Oracle (NYSE:ORCL) shares fell over 4% today after third-quarter results missed analyst expectations. Despite this, a surge in bookings and positive long-term outlook indicate strong demand for cloud and AI services. Quarterly earnings were $1.47 per share on $14.13 billion revenue, below estimates. Bookings rose 62% to $130 billion, showing high demand. Chairman Larry Ellison plans to double data center capacity by year-end, boosting AI and cloud infrastructure. Oracle forecasts 15% revenue growth in fiscal 2026 and 20% in fiscal 2027, exceeding market expectations. CEO Safra Catz notes robust demand for AI-powered cloud services, supporting long-term growth.



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