Oracle Corporation unveiled on Monday that its revenue in the third quarter of its fiscal 2025 amounted to $14.1 billion, growing 6% on a USD basis, year over year.
In the three months ending February 28, on an annual basis, net income jumped 21% to $2.9 billion, while diluted earnings per share soared 20% to $1.02. Meanwhile, cloud revenue was up 23% in USD, reaching $6.2 billion. In the fourth quarter, revenue is projected to grow between 8% and 10%.
"We have now signed cloud agreements with several world leading technology companies including: OpenAI, xAI, Meta, NVIDIA and AMD. We expect that our huge $130 billion sales backlog will help drive a 15% increase in Oracle's overall revenue in our next fiscal year beginning this June," CEO Safra Catz commented.
The company's stock gained 2.16% in the after-hours trade following the release of the report.
