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Market Updates

Oracle Corp. dropped 3.3% to $143.90 after the database and cloud applications developer reported results for the fiscal third quarter of 2025.

Revenue increased 6% to $14.13 billion from $13.28 billion, net income surged 22% to $2.94 billion from $2.40 billion, and diluted earnings per share rose to $1.02 from 85 cents a year ago.

Cloud services and license support revenues were up 10% to $11.0 billion, and cloud license and on-premise license revenues were down 10% to $1.1 billion.

"Oracle signed sales contracts for more than $48 billion in the third quarter," said CEO Safra Catz. "We have now signed cloud agreements with several world-leading technology companies, including OpenAI, xAI, Meta, NVIDIA, and AMD.”

The company expects that its $130 billion sales backlog will help drive a 15% increase in the overall revenue in the next fiscal year beginning this June, and the company plans to expand both its AI training and AI inferencing businesses in the near future.

Oracle proposed a quarterly cash dividend of 50 cents per share, up 25% from the current 40 cents per share, payable on April 23 to stockholders on record as of April 10.


11 Mar, 2025

     

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