From CNBC: 2025-06-12 12:43:00

Larry Ellison, Oracle’s co-founder, met with President Trump to discuss investments in artificial intelligence and other topics. Oracle shares surged 15% after reporting strong earnings, with revenue up 11% to $15.9 billion and adjusted earnings per share at $1.70. Analysts are optimistic about Oracle’s growth in the cloud infrastructure market, with a forecasted revenue of $67 billion for the upcoming fiscal year. Oracle also anticipates future growth from the Stargate artificial intelligence data center project.

Oracle is challenging Amazon, Google, and Microsoft in the cloud infrastructure market, with $3 billion in cloud revenue during the last quarter. The company’s database is rapidly moving to the cloud, with multi-cloud growth rates increasing significantly. Remaining performance obligations are up 41% from last year, with a forecasted doubling in the 2026 fiscal year. Revenue expectations for fiscal 2029 are set above $104 billion.

However, Oracle faces the challenge of meeting client demand in the cloud due to supply constraints. Analysts at RBC raised their price target to $195 but noted challenges in accelerating growth in the near term. Oracle’s investments in AI and cloud infrastructure position the company for continued growth and success in the tech industry.



Read more at CNBC:: Oracle shares pop 15% to record high on earnings beat, cloud optimism