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Oracle Corp Stock Jumps 10% After Hours on Stellar Quarterly Results and Positive Outlook

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Oracle Shares Soar 10% on Strong Qtr Results, AI-Driven Cloud Growth

Shares of Oracle Corp are down 10.8% in extended trading at $199.02. If the losses hold in regular trading, the stock would have corrected nearly 50% from its record high of $345 which it had hit in September after the OpenAI deal.

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CNBC TV18•11-03-2026, 06:22

Oracle Shares Soar 10% on Strong Qtr Results, AI-Driven Cloud Growth

•Oracle Corp. shares jumped 10% after-hours following robust quarterly results and optimistic guidance.
•Infrastructure business revenue surged 84% to $4.9 billion, surpassing analyst expectations of 79% growth.
•Company forecasts $90 billion revenue for next fiscal year, exceeding estimates, fueled by AI cloud success with OpenAI and Meta.
•Capital expenditure rose to $18.6 billion, with full-year capex maintained at $50 billion; 90% cloud capacity delivered early.
•Remaining performance obligations hit $553 billion, driven by large AI contracts; $1.6 billion restructuring costs expected.

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