Oracle Projects $104 Billion Revenue by 2029 Amid Cloud Expansion

The tech giant raises its fiscal 2026 forecast and sees significant growth driven by AI and cloud services.

Oracle's shares surged over 6% after announcing a revenue forecast of $104 billion for fiscal 2029.
The company also raised its fiscal 2026 revenue projection to $66 billion, up from the previous target of $65 billion.
Oracle's cloud infrastructure revenue grew 45% in the most recent quarter, outpacing larger rivals like Amazon, Google, and Microsoft.
Partnerships with major cloud providers and a focus on AI workloads are key drivers of Oracle's optimistic outlook.
Oracle's stock has risen more than 50% this year, significantly outperforming other major tech companies.