By Akriti Shah
Publication Date: 2026-03-11 10:08:00
By Akriti Shah
March 11 (Reuters) – Oracle shares rose about 10% before the bell on Wednesday after the software giant’s upbeat revenue forecast eased worries about “faster returns from its heavy spending.” artificial intelligence Infrastructure.
The company has invested billions of dollars building data centers for partners like OpenAI and Meta, while reducing staff and using smaller, AI-powered teams and tools to develop software for its traditional customer base and enterprises.
Oracle raised its fiscal 2027 revenue forecast to $90 billion, above analysts’ estimates of $86.6 billion.
Remaining performance obligations (RPO), a key indicator of future contracted revenue, rose 325% year-over-year to $553 billion in the third quarter, compared to $523 billion in the previous quarter, beating market estimates.
Oracle appears to be “one of the more direct ways for investors to take advantage of the ongoing expansion of AI infrastructure…”
