BlockBeats News, June 11th, Oracle (ORCL) announced a fourth-quarter revenue of $19.2 billion for the 2026 fiscal year, exceeding the market's expectation of $19.095 billion. The quarterly cloud business revenue reached $9.9 billion. The company expects total revenue in the first quarter to grow between 27% and 29% year-over-year, with overall cloud revenue increasing between 57% and 63%.

Oracle expects the 2027 fiscal year revenue to reach $900 billion and plans to raise approximately $40 billion through a combination of debt and equity financing. The company's CEO stated that the Abilene, Texas data center has completed 42% of its total capacity, with an additional 35% set to be delivered in the next 90 days. In the fourth quarter of the 2026 fiscal year, $67 billion in artificial intelligence infrastructure contracts were signed, with a majority including hardware or prepayments.

Furthermore, OpenAI announced further collaboration with Oracle to make OpenAI's cutting-edge models and Codex more accessible to Oracle Cloud Infrastructure customers. The Trump administration indicated that Oracle has secured contracts with the U.S. government to provide human resources software.

As of the time of publication, investors have reacted strongly to the company's continued large-scale AI infrastructure investment and additional financing plans. Oracle's stock price dropped nearly 12% in after-hours trading, currently down 11.15%.