Fastest growth amongest all cloud infrastructure providers.....
Oracle logged double-digit revenue growth in the fourth quarter and set its sights on even bigger gains in the fiscal year ahead, pushing shares higher after hours.
The cloud-services company said revenue was up 11% to $15.9 billion in the quarter-ended May 31, topping analyst forecasts for $15.58 billion, according to FactSet.
Shares rose 7.3% to $189.09 in after-hours trading.
Revenue growth rates are expected to be "dramatically higher" in fiscal 2026, which started this month, Chief Executive Safra Catz said. Growth from both its cloud applications and cloud infrastructure businesses is set to accelerate, he said.
"Oracle is well on its way to being not only the world's largest cloud application company, but also one of the world's largest cloud infrastructure companies," Catz said.
