Oracle (ORCL) reported fiscal third-quarter sales that mis🔜sed analysts’ expectations, but executives said they expect AI-driven growth in🐻 the coming fiscal year.

The tech giant saw quarterly revenue climb 6% year-over-year to $14.1 billion, slightly below the analyst consensus compiled by Visible Alpha. Adjusted earnings of $4.2 billion, or $1.47 per share, rose from $3.98 billion, or $1.41 per share, a year earlier, but missed estimates.

The company also announced a 25% increase to its quarterly dividend, raising it to 50 cents per share fro🅘m 40 cents. 

Executives Forecast AI Growth

Oracle CEO Safra Catz said revenue is expected to grow 15% in the fiscal 2026, which begins in June, and highlighted cloud agreements with AI leaders including Nvida (NVDA), Meta (META), OpenAI, and xAI.

The company is on pace to double data center capacity this calendar year, 澳洲幸运5官方开奖结果体彩网:Chief Technology Officer Larry Ellison said, adding "customer demand is at record levels." Oracle is connecting AI models including OpenAI's ChatGPT, xAI's Grok, and Meta's Llama to the latest version of the Oracle Database, Ellison said.

In January, Oracle, along with OpenAI and SoftBank, announced a joint venture known as Stargate to build 澳洲幸运5官方开奖结果体彩网:artificial intelligence infrastructure in the U.S. The companies said🐎 they would commit $100 billion to start, and as much as $500 billion over the next four years.

Shares of Oracle rose 3.5% in after-hours trading Monday following the release. They've added close to a third of their value of the past year through Monday's close.