Oracle Forecasts 15% Revenue Growth, Boosted by AI Demand

Oracle Corp. has announced a strong growth forecast for fiscal years 2026 and 2027, anticipating a 15% and 20% revenue increase, respectively, driven by soaring demand for AI computing. The company is strategically expanding its cloud infrastructure and has secured partnerships with major tech players including OpenAI, Meta, and Nvidia, contributing to a remarkable $130 billion in sales backlog. CEO Safra Catz highlighted Oracle's expansion plans, including a commitment to double data center capacity this year and investments in the Stargate project, a joint venture aimed at enhancing AI capabilities. Despite slight revenue misses in recent quarters, Oracle's cloud sector demonstrated significant growth, with a 49% increase in cloud infrastructure revenue. Analysts remain bullish on Oracle's stock, citing its strong performance and strategic positioning in the competitive cloud market. Overall, Oracle's initiatives signal its commitment to becoming a formidable player in the cloud and AI landscape.