Oracle earnings lift ORCL stock price sky-high as cloud infrastructure sales projected to grow by 70%
From Yahoo Finance: 2025-06-12 15:00:00
Oracle stock soared to record highs after beating fourth-quarter earnings expectations. Total revenue was $15.9 billion, up 11%, with net income of $3.4 billion. Cloud infrastructure revenue jumped 52%, expected to grow over 70% next year. CEO Safra Catz predicts even higher growth rates in fiscal year 2026. Oracle’s market cap is $563 billion.