Oracle Reports 84% AI Cloud Revenue Growth, Raises Fiscal-Year Outlook to $90B
Oracle's cloud infrastructure revenue climbed 84% to $4.9 billion in the quarter ended Feb. 28, while total revenue rose 22% to $17.2 billion and adjusted EPS reached $1.79. It raised fiscal-year revenue guidance to about $90 billion and reported $553 billion of performance obligations from AI contracts.
1. Q3 Financial Results
In the quarter ended Feb. 28, Oracle's cloud infrastructure revenue rose 84% year-over-year to $4.9 billion, contributing to total revenue of $17.2 billion, up 22%, and adjusted earnings per share of $1.79.
2. AI Infrastructure Contracts
Growth was driven by large-scale AI data center contracts with customers including OpenAI and Meta, boosting remaining performance obligations to $553 billion from $523 billion in the prior quarter.
3. Investment and Outlook
Oracle invested $18.6 billion in capital expenditures during Q3 and maintained a $50 billion capex plan for the year, while raising fiscal 2027 revenue guidance to about $90 billion on sustained AI demand.