New Delhi, March 11 -- Shares of Oracle jumped 15% in early trade on the New York Stock Exchange, reaching a five-week high of $171.76 apiece, after the company reported upbeat results for the third quarter of fiscal 2026 and boosted its revenue guidance for fiscal 2027.
The shares had reached a high of $164.51 in extended trading on Tuesday after closing at $149.40 in New York.
Oracle's overall revenue increased 22% year over year in the fiscal third quarter, which ended on 28 February, according to the company.
Revenue from its closely watched infrastructure business increased 84% to $4.9 billion, while revenue from the cloud applications business expanded 13% to $4 billion, in line with estimates. Revenue from both cloud and infrast...
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