Oracle (ORCL) expects fiscal Q4 non-GAAP earnings of $1.61 to $1.65 per share, Chief Executive Safra Catz said late Monday.
The company expects revenue for the quarter to grow 8% to 10% in US dollars at current exchange rates, Catz said on an earnings conference call.
"We remain very confident and committed to total cloud infrastructure revenue for fiscal year 2025 growing faster than the 50% reported last year and it will be even faster for fiscal year 2026, likely a lot faster," Catz told analysts.
"Our confidence in meeting our $66 billion revenue target for FY 2026 is now stronger than ever," Catz said. "I now expect that our fiscal year 2027 growth rate will be around 20%, which is even higher than I previously guided."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.