Oracle beats Q3 expectations with surprised growth, raises 2027 revenue outlook sending stock higher

https://finance.yahoo.com/news/oracle-beats-q3-expectations-raises-2027-revenue-outlook-sending-stock-higher-203555383.html Oracle’s (ORCL) earnings are out, here are the most improtant numbers. EPS: $1.79 (against expectations of $1.69) Revenue of $17.19 billion (beats expectations of $17.19 billion) Shares have initially spiked 3.3% on the news. We’ll continue digging into earnings. The biggest is IaaS growth accelerating. Cloud Infrastructure grew 84% YoY to $4.89 billion, up from 68% growth last quarter. Acceleration was not widely expected, and it directly counters the narrative that Oracle’s AI infrastructure buildout was hitting a ceiling. Second, the RPO surging 325% YoY to $553 billion is a forward-demand signal of unusual magnitude and critically, many of these contracts involve customer-supplied GPUs, reducing Oracle’s own capital burden. Third, the FY2027 guidance raised to $90 billion exceeded the $86.4 billion Wall Street consensus