Oracle’s Sales Miss Estimates. Its CEO Expects AI-Driven Growth.

Oracle (ORCL) reported fiscal third-quarter sales that missed analysts’ expectations, but executives said they expect AI-driven growth in the coming fiscal year.

The tech giant saw quarterly revenue climb 6% year-over-year to $14.1 billion, slightly below the analyst consensus compiled by Visible Alpha. Adjusted earnings of $4.2 billion, or $1.47 per share, rose from $3.98 billion, or $1.41 per share, a year earlier, but missed estimates.

The company also announced a 25% increase to…