Oracle’s (ORCL), a database software company, just hit a new high following the release of its fiscal year 2025 quarter 4 and annual 2025 financial results.
Stocks of the company closed Thursday at $199.86, an increase of 13.25% over their previous closing price on Wednesday.
Revenues for the tech giant rose by 11% to $15.7 billion in the third quarter of 2018. Cloud services and support revenues grew by 14%, to $11.7 Billion. Revenues for cloud licenses and on-premises licenses climbed by 9% and 8% respectively in constant currency and USD to $2 Billion.
The total revenues in fiscal year 2025 increased by 8% USD and 9% constant currency, reaching $57.4 Billion. Cloud services and support for licenses grew by 12% and reached $44.0 Billion. Cloud licenses and on-premises licenses revenues also increased 2% USD, and 3% constant currency during this time period.
The adjusted earnings per share was $1.70.
Oracle’s Safra Catz, the CEO of the largest cloud-based application company in world, expects higher growth rates for revenue by 2026.
The year FY25 was very successful…We anticipate that our cloud-based growth rates–both applications and infrastructure–will rise from 24% to 40% by FY26. Cloud Infrastructure Growth Rate is Expected to Increase from 50% to 70% by FY26. RPO will likely grow by more than 100 percent in FY26 .”
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As new information becomes available, this post Tech Giant Oracle’s stock rips by more than 13% and reaches a record high after CEO reports a ‘Very Good Year’ may be updated.
