Oracle raises fiscal 2027 revenue guidance to $90 billion

Oracle Corp. (NYSE: ORCL) increased its revenue guidance for fiscal year 2027 to $90 billion, according to a company statement.

The enterprise software company maintained its fiscal year 2026 guidance, projecting revenue of $67 billion and capital expenditures of $50 billion. The company stated this guidance remains unchanged from previous estimates.

The fiscal 2027 revenue target represents an upward revision from Oracle's prior guidance, though the company did not specify the previous figure or provide details on factors driving the increase.

Oracle did not provide additional financial metrics or commentary regarding the guidance update in its statement.

You May Also Be Interested In

• Jersey Mike's Subs files for IPO on NYSE under ticker JMKE
• FactSet Research Systems (FDS) PT Raised to $275 at BMO Capital
• Kuwait Crude Oil production averaged 1.65 million BPD in June, over 1 million higher than May average - Reuters