From Quartz.

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Oracle stock rose 12% Wednesday after third-quarter results topped expectations, underscoring momentum in its cloud business.
Revenue climbed 22% to $17.2 billion versus the $16.92 billion forecast, and non-GAAP EPS reached $1.79, supporting interest in Oracle earnings and Oracle stock.
Cloud revenue rose 44% to $8.9 billion; cloud infrastructure climbed 84% to $4.9 billion. Oracle cited AI training and inference demand growing faster than supply.
Remaining performance obligations reached $553 billion, up 325% year over year, mostly from large-scale AI contracts. The company reaffirmed $67 billion for fiscal 2026, set a $90 billion fiscal 2027 target, and guided Q4 revenue growth of 19%–21% with $1.96–$2.00 non-GAAP EPS. #oracle #cloudcomputing #stockmarket #earnings

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