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Oracle Reports Strong Q3 Growth in Cloud Services

Oracle Reports Strong Q3 Growth in Cloud Services

Oracle Corporation ( (ORCL) ) has released its Q3 earnings. Here is a breakdown of the information Oracle Corporation presented to its investors.

Oracle Corporation, a leading provider of integrated cloud applications and platform services, has released its fiscal 2025 third-quarter financial results, showcasing significant growth in its cloud services sector. The company operates in the technology industry, offering a unique blend of software, hardware, and cloud solutions.

In its latest earnings report, Oracle announced a 6% increase in total revenue, reaching $14.1 billion, with a notable 23% rise in cloud revenue. The company’s remaining performance obligations surged by 62%, indicating strong future revenue potential.

Key financial metrics highlighted in the report include a 20% increase in GAAP earnings per share to $1.02 and a 4% rise in non-GAAP earnings per share to $1.47. Oracle’s cloud infrastructure revenue grew by 49%, while its cloud application revenue increased by 9%. Additionally, the company reported a 16% growth in Fusion Cloud ERP and NetSuite Cloud ERP revenues.

Oracle’s management remains optimistic about the future, expecting a 15% increase in overall revenue in the next fiscal year, driven by a substantial sales backlog and continued demand for its AI and cloud services. The company is also on track to double its data center capacity, reflecting its commitment to meeting growing customer demands.

Looking ahead, Oracle anticipates further growth in its cloud and AI sectors, supported by strategic partnerships and technological advancements. The company’s focus on expanding its data center capacity and enhancing its AI capabilities positions it well for sustained success in the evolving technology landscape.

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Questions or Comments about the article? Write to editor@tipranks.com
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