Oracle investors are on cloud nine today as the stock reached record heights. The companys fourth quarter earnings results beat expectations yesterday and projected even more gains in cloud infrastructure.
After rising nearly 8% in after-hours trading following the earnings release Wednesday evening, Oracle (ORCL) has continued to rise throughout the day on Thursday. The stock reached an all-time record of $202.04 at 12:30 p.m. Thursday, and has been steady since then.
Oracle’s financial results for the fourth quarter showed $15.9 billion in total revenue, up 11% from the previous quarter. The net income for the quarter was $3.4 billion, with earnings per share of $1.19.
Growth in Oracles cloud infrastructure revenue was particularly strong, jumping 52%, and it shows no signs of slowing in fiscal year 2026. The companys cloud infrastructure sales are projected to grow over 70% next fiscal year. Today, Oracle got the ball rolling by announcing a multi-year cloud infrastructure contract with Seekr, an artificial intelligence company.
FY25 was a very good yearbut we believe FY26 will be even better as our revenue growth rates will be dramatically higher, Oracle CEO Safra Catz said on the companys Q4 earnings call. Oracle is well on its way to being not only the worlds largest cloud application companybut also one of the worlds largest cloud infrastructure companies.
These powerful growth projections have also helped propel Oracle stock upward today, helping to boost the big tech sector and the S&P 500 along with it.
Oracle has a market capitalization of $563 billion as of midday Thursday.
