Oracle climbs amid analyst meeting; targets $104B in revenue for fiscal 2029 (NYSE:ORCL)

Oracle (NYSE:ORCL) shares climbed 6% throughout post-market buying and selling Thursday after it elevated income steering at its monetary analyst assembly.

Oracle raised its income outlook for fiscal 2026 to $66B from a previous goal of $65B. It expects its income to achieve a towering $104B by fiscal 2029

Oracle co-founder and chief know-how officer Larry Ellison mentioned synthetic intelligence and cloud infrastructure continues to drive alternatives. He talked about prospects such Elon Musk’s xAI in addition to an array of industries throughout the globe, significantly in Europe.

Previously week, Oracle has introduced strategic partnerships with Amazon Net Companies (AMZN) and Google Cloud (GOOG)(GOOGL).