Oracle shares soared in late trading Tuesday after the cloud computing giant said it added several large new clients and boosted its outlook for cloud infrastructure sales on booming AI demand.\n<\/p>\n
Shares of Oracle (ORCL<\/a>) were up over 25% in after-hours trading. The stock has added close to half of its value in 2025 through Tuesday’s close, with most of the gains coming after the company posted strong quarterly results in June<\/a>.\n<\/p>\n Oracle on Tuesday said it now sees cloud infrastructure sales jumping 77% to $18 billion\u00a0this fiscal year as AI demand grows, up from a June forecast of more than 70%. And that figure could surge to $144 billion over the next four years, CEO Safra Catz said.\n<\/p>\n “We expect to sign-up several additional multi-billion-dollar customers,” in the coming months, Catz said, after a “brilliant start” to its new fiscal year with four multibillion-dollar contracts signed in the quarter ended in August.\n<\/p>\n Oracle posted adjusted earnings per share of $1.47 in the fiscal first quarter on revenue that rose 12% year-over-year to $14.9 billion. Both figures were slightly below Wall Street analysts’ estimates as compiled by Visible Alpha. Oracle said its growing backlog from new contracts contributed to its more robust outlook, and Catz said the company intends to offer more details on its financial plan at an event scheduled for next month.\n<\/p>\n Co-founder and CTO Larry Ellison said the company also plans to use the event to unveil a new service called “Oracle AI Database” that will allow customers to use top AI models, including OpenAI’s ChatGPT, xAI’s Grok, and Google’s Gemini, on top of the Oracle Database to analyze their data.\n<\/p>\n Ellison said he expects Oracle’s AI offerings to support “dramatically” larger cloud demand and consumption in the years to come, adding “AI changes everything.”<\/p>\n","protected":false},"excerpt":{"rendered":"Oracle shares soared in late trading Tuesday after the cloud computing giant said it added several large new…\n","protected":false},"author":2,"featured_media":6265,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,85,46,125],"class_list":["post-6264","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-il","tag-israel","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/6264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=6264"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/6264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/6265"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=6264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=6264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=6264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}