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Oracle Stock Jumps on Rosy Long-Term Sales View by Nisha Gopalan via rss_faqs ([Global] oracle cloud) URL: https://ift.tt/oeOkrDh picture alliance / Contributor / Getty Images KEY TAKEAWAYS Oracle shares surged in premarket trading Friday, a day after a senior executive told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Executive Vice President Doug Kehring's projections, which Citi analysts called "lofty," come just days after the software maker posted Wall Street-beating quarterly results. Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle (ORCL) shares surged in premarket trading Friday, a day after Executive Vice President Doug Kehring told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Citi analysts called Kehring's projections "lofty," adding that the new 2029 target, a bet on artificial intelligence (AI)-fueled growth, exceeded even the most bullish expectations. "FY29 is a ways out, and it's hard for us to underwrite given the rapid evolving GenAI/tech landscape and questions around durability of AI workloads," they wrote, saying the targets implied that Oracle would chalk up an earnings per share (EPS) compound annual growth rate (CAGR) of at least 20% between fiscal 2026 to fiscal 2029. The forecast comes just days after the software maker posted Wall Street-beating quarterly results and announced a multicloud partnership with Amazon's (AMZN) Amazon Web Services. Oracle Also Raises Fiscal 2026 Forecast, Beating Consensus Estimates The company also reportedly raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle didn't immediately return an Investopedia request for comment. Shares rose 6% soon before the opening bell and are up more than 50% this year on booming demand from AI developers for cloud computing. Read the original article on Investopedia. https://ift.tt/Nnli4jr

Oracle Stock Jumps on Rosy Long-Term Sales View by Nisha Gopalan via rss_headline ([Global] oracle cloud) URL: https://ift.tt/oeOkrDh picture alliance / Contributor / Getty Images KEY TAKEAWAYS Oracle shares surged in premarket trading Friday, a day after a senior executive told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Executive Vice President Doug Kehring's projections, which Citi analysts called "lofty," come just days after the software maker posted Wall Street-beating quarterly results. Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle (ORCL) shares surged in premarket trading Friday, a day after Executive Vice President Doug Kehring told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Citi analysts called Kehring's projections "lofty," adding that the new 2029 target, a bet on artificial intelligence (AI)-fueled growth, exceeded even the most bullish expectations. "FY29 is a ways out, and it's hard for us to underwrite given the rapid evolving GenAI/tech landscape and questions around durability of AI workloads," they wrote, saying the targets implied that Oracle would chalk up an earnings per share (EPS) compound annual growth rate (CAGR) of at least 20% between fiscal 2026 to fiscal 2029. The forecast comes just days after the software maker posted Wall Street-beating quarterly results and announced a multicloud partnership with Amazon's (AMZN) Amazon Web Services. Oracle Also Raises Fiscal 2026 Forecast, Beating Consensus Estimates The company also reportedly raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle didn't immediately return an Investopedia request for comment. Shares rose 6% soon before the opening bell and are up more than 50% this year on booming demand from AI developers for cloud computing. Read the original article on Investopedia. https://ift.tt/Nnli4jr

Oracle Stock Jumps on Rosy Long-Term Sales View by Nisha Gopalan via rss_tod ([Global] oracle cloud) URL: https://ift.tt/oeOkrDh picture alliance / Contributor / Getty Images KEY TAKEAWAYS Oracle shares surged in premarket trading Friday, a day after a senior executive told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Executive Vice President Doug Kehring's projections, which Citi analysts called "lofty," come just days after the software maker posted Wall Street-beating quarterly results. Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle (ORCL) shares surged in premarket trading Friday, a day after Executive Vice President Doug Kehring told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Citi analysts called Kehring's projections "lofty," adding that the new 2029 target, a bet on artificial intelligence (AI)-fueled growth, exceeded even the most bullish expectations. "FY29 is a ways out, and it's hard for us to underwrite given the rapid evolving GenAI/tech landscape and questions around durability of AI workloads," they wrote, saying the targets implied that Oracle would chalk up an earnings per share (EPS) compound annual growth rate (CAGR) of at least 20% between fiscal 2026 to fiscal 2029. The forecast comes just days after the software maker posted Wall Street-beating quarterly results and announced a multicloud partnership with Amazon's (AMZN) Amazon Web Services. Oracle Also Raises Fiscal 2026 Forecast, Beating Consensus Estimates The company also reportedly raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle didn't immediately return an Investopedia request for comment. Shares rose 6% soon before the opening bell and are up more than 50% this year on booming demand from AI developers for cloud computing. Read the original article on Investopedia. https://ift.tt/Nnli4jr

Oracle Stock Jumps on Rosy Long-Term Sales View by Nisha Gopalan via rss_headline ([Global] oracle cloud) URL: https://ift.tt/oeOkrDh picture alliance / Contributor / Getty Images KEY TAKEAWAYS Oracle shares surged in premarket trading Friday, a day after a senior executive told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Executive Vice President Doug Kehring's projections, which Citi analysts called "lofty," come just days after the software maker posted Wall Street-beating quarterly results. Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle (ORCL) shares surged in premarket trading Friday, a day after Executive Vice President Doug Kehring told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Citi analysts called Kehring's projections "lofty," adding that the new 2029 target, a bet on artificial intelligence (AI)-fueled growth, exceeded even the most bullish expectations. "FY29 is a ways out, and it's hard for us to underwrite given the rapid evolving GenAI/tech landscape and questions around durability of AI workloads," they wrote, saying the targets implied that Oracle would chalk up an earnings per share (EPS) compound annual growth rate (CAGR) of at least 20% between fiscal 2026 to fiscal 2029. The forecast comes just days after the software maker posted Wall Street-beating quarterly results and announced a multicloud partnership with Amazon's (AMZN) Amazon Web Services. Oracle Also Raises Fiscal 2026 Forecast, Beating Consensus Estimates The company also reportedly raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle didn't immediately return an Investopedia request for comment. Shares rose 6% soon before the opening bell and are up more than 50% this year on booming demand from AI developers for cloud computing. Read the original article on Investopedia. https://ift.tt/Nnli4jr

Oracle Stock Jumps on Rosy Long-Term Sales View by Nisha Gopalan via Term of the Day ([Global] oracle cloud) URL: https://ift.tt/oeOkrDh picture alliance / Contributor / Getty Images KEY TAKEAWAYS Oracle shares surged in premarket trading Friday, a day after a senior executive told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Executive Vice President Doug Kehring's projections, which Citi analysts called "lofty," come just days after the software maker posted Wall Street-beating quarterly results. Oracle also raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle (ORCL) shares surged in premarket trading Friday, a day after Executive Vice President Doug Kehring told analysts its annual revenue will rise to at least $104 billion in fiscal 2029. Citi analysts called Kehring's projections "lofty," adding that the new 2029 target, a bet on artificial intelligence (AI)-fueled growth, exceeded even the most bullish expectations. "FY29 is a ways out, and it's hard for us to underwrite given the rapid evolving GenAI/tech landscape and questions around durability of AI workloads," they wrote, saying the targets implied that Oracle would chalk up an earnings per share (EPS) compound annual growth rate (CAGR) of at least 20% between fiscal 2026 to fiscal 2029. The forecast comes just days after the software maker posted Wall Street-beating quarterly results and announced a multicloud partnership with Amazon's (AMZN) Amazon Web Services. Oracle Also Raises Fiscal 2026 Forecast, Beating Consensus Estimates The company also reportedly raised its sales outlook for fiscal 2026 to at least $66 billion from a prior target of $65 billion, ahead of the $64.8 billion consensus estimate of analysts polled by Visible Alpha. Oracle didn't immediately return an Investopedia request for comment. Shares rose 6% soon before the opening bell and are up more than 50% this year on booming demand from AI developers for cloud computing. Read the original article on Investopedia. https://ift.tt/Nnli4jr

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales by Reuters via Retail News | Latest Consumer & Retail Stories | Reuters ([Global] oracle cloud) URL: https://ift.tt/S5vQxYJ Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. https://ift.tt/Nnli4jr

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales by Reuters via Tech News | Today's Latest Technology News | Reuters ([Global] oracle cloud) URL: https://ift.tt/S5vQxYJ Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. https://ift.tt/Nnli4jr

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales by Reuters via Reuters - technology ([Global] oracle cloud) URL: https://ift.tt/S5vQxYJ Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. https://ift.tt/Nnli4jr

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales by Reuters via Business News | Today's International Headlines | Reuters ([Global] oracle cloud) URL: https://ift.tt/S5vQxYJ Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. https://ift.tt/Nnli4jr

Oracle's shares jumped over 6% as they announced plans to exceed $100 billion in revenue by fiscal 2029, driven by the rising demand for AI and cloud services. 📈 With major clients like AT&T, Lyft, and Cognizant, Oracle's strong performance continues to impress—beating estimates with $13.31 billion in Q1 revenue and raising their fiscal 2026 forecast to $66 billion. They're even outpacing cloud giants like Microsoft and Amazon! 🏆 We are proud to be a partner of Oracle and thrilled to witness their remarkable growth and leadership in the cloud space. Thanks Reuters for keeping us informed on the latest trends in IT and innovation. https://lnkd.in/g6ybzYJV