fromFast Company
6 days agoOracle stock is soaring today despite an earnings miss and recent layoffs. Its CEO thanks a 'who's who of AI'
The boost comes down to Oracle's revenue projections rather than the lackluster results for fiscal year (FY) 2026's first quarter. The company predicts that Oracle Cloud Infrastructure's entire FY 2026 revenue will reach $18 billion-a 77% jump year-over-year (YOY). That's just the start. Oracle further expects revenue for its cloud infrastructure business to reach $32 billion in 2027, $73 billion the following year, and $114 billion and $144 billion in 2029 and 2030, respectively.
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