Oracle reported $14.1 billion in total revenue for its third fiscal quarter, reflecting an 8% year-over-year increase, CRN reports.
Cloud revenue rose 25% to $6.2 billion, with infrastructure-as-a-service rising 51% and contributing $2.7 billion, while software-as-a-service recorded a 10% and generated $3.6 billion.
The company’s cloud database services brought in $2.3 billion, marking a 28% increase, while Autonomous Database consumption revenue surged 42%.
Oracle’s remaining performance obligations reached $130 billion, up 63% year over year, signaling strong future growth.
Multicloud database revenue from hyperscaler partnerships rose 92%, and GPU consumption for AI training more than tripled.
Capital expenditures for fiscal 2025 are projected to exceed $16 billion, more than doubling from the previous year.
CEO Safra Catz reaffirmed Oracle’s focus on AI-driven cloud adoption and emphasized that cloud infrastructure revenue will grow faster than the 50% increase seen last year.
The company expects total cloud revenue to climb between 24% and 28% in the fourth quarter, with overall revenue growth projected at 9% to 11%.
