---
title: "Oracle announces optimistic long-term revenue outlook, rising nearly 8% in after-hours trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278614510.md"
description: "On Tuesday, Oracle's stock price rose 7.8% in after-hours trading due to better-than-expected earnings and an optimistic forecast for its long-term revenue, as it is heavily investing in the artificial intelligence data center sector. The reported data showed that Oracle's revenue for the third quarter of fiscal year 2026 increased by 22% year-on-year, reaching $17.2 billion, exceeding market expectations of $16.9 billion. Additionally, the company raised its revenue forecast for fiscal year 2027 to $90 billion, higher than market expectations. Currently, Oracle has launched a strong offensive aimed at competing with larger rivals such as Amazon and Microsoft to provide computing resources for artificial intelligence companies"
datetime: "2026-03-10T20:52:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278614510.md)
  - [en](https://longbridge.com/en/news/278614510.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278614510.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278614510.md) | [繁體中文](https://longbridge.com/zh-HK/news/278614510.md)


# Oracle announces optimistic long-term revenue outlook, rising nearly 8% in after-hours trading

According to Jin10 Data on March 11, on Tuesday, Oracle (ORCL.N) saw its stock price rise 7.8% in after-hours trading due to better-than-expected earnings and an optimistic forecast for its long-term revenue (as it is heavily betting on the artificial intelligence data center sector). The reported data showed that Oracle's revenue for the third quarter of fiscal year 2026 increased by 22% year-on-year, reaching $17.2 billion, surpassing the market expectation of $16.9 billion. Additionally, the company raised its revenue forecast for fiscal year 2027 to $90 billion, higher than market expectations. Currently, Oracle has launched a strong offensive aimed at competing with larger rivals such as Amazon and Microsoft to provide computing resources for artificial intelligence companies

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