Oracle Eclipses Q3 Estimates, Cloud Revenue +44%, Raises 2027 Outlook to $90B
Oracle reported Q3 earnings of $1.79 and revenue of $17.19 billion, with cloud revenue up 44% to $8.91 billion, fueling a 9% share jump and a raised fiscal 2027 revenue outlook to $90 billion. Oracle Health's Clinical AI Agent cut documentation time by 41% and saved over 200,000 clinician hours.
1. Q3 Earnings Beat and Raised 2027 Outlook
Oracle reported EPS of $1.79 on $17.19 billion revenue in fiscal Q3, with cloud revenue up 44% to $8.91 billion, driving a 9% share increase and prompting management to raise fiscal 2027 revenue guidance to $90 billion.
2. Clinical AI Agent Launch and Efficiency Gains
Oracle Health Clinical AI Agent note generation is now available in US emergency and inpatient settings, automating draft clinical notes by integrating real-time encounter data, lab findings and imaging results. Early deployments at AtlantiCare cut documentation time by 41% and have saved over 200,000 clinician hours nationwide.