Oracle Corp (NYSE:ORCL, XETRA:ORC) shares moved more than 7% higher after the company reported stronger-than-expected earnings for its fiscal third quarter and raised its longer-term revenue outlook.
The enterprise software company posted non-GAAP earnings per share of $1.79, topping Wall Street estimates of $1.69. Revenue came in at $17.2 billion, roughly in line with analyst expectations.
Cloud revenue, which includes infrastructure and software services, rose 44% to $8.9 billion. Within that segment, cloud infrastructure (IaaS) revenue surged 84% to $4.9 billion, while cloud application (SaaS) revenue increased 13% to $4 billion.
The company also reported strong growth in its enterprise cloud applications. Fusion Cloud ERP revenue reached $1.1 billion, up 17%, while NetSuite Cloud ERP revenue was also $1.1 billion, rising 14% from a year earlier.
Oracle’s remaining performance obligations, a key indicator of future revenue from contracted business, climbed to $553 billion, up 325% year-over-year.
Looking ahead, Oracle expects continued momentum in its cloud business. For the fiscal fourth quarter, the company forecasts total revenue growth of 19% to 21% in US dollars and non-GAAP EPS of $1.96 to $2.00.
The company also reiterated its fiscal 2026 revenue outlook of $67 billion, with capital expenditures of $50 billion.
Oracle raised its fiscal 2027 revenue guidance to $90 billion, above Wall Street expectations of roughly $86.4 billion.