Oracle Posts Cloud Sales That Top Estimates on Surging AI Demand

Oracle's cloud infrastructure sales surged 121% to $7.4B, topping analyst estimates and boosting overall revenue and profit.
The company is rapidly building massive AI data centers — adding 850 MW of capacity this quarter and working with customers like OpenAI.
Shares rose about 4% after the results, and Oracle completed a previously announced $20B at‑the‑market equity sale.