Oracle’s Hypergrowth Forecasts

Bearish sentiment about the cost-benefit equation of artificial intelligence has become so prevalent lately that it almost feels like conventional wisdom is now skepticism. But that certainly isn’t the case at Oracle, the nearly 50-year-old enterprise software firm turned cloud provider, which declared itself today to be a “hypergrowth company,” thanks to its fast-expanding AI data center business.

And that wasn’t just rhetoric: Oracle presented an updated revenue forecast at an investor presentation showing growth hitting a high of 53% by fiscal 2028, up from 8.4% last fiscal year. The company even updated the bullish numbers that sent the stock soaring last month, projecting that revenue from its cloud business would hit $166 billion in fiscal 2030—up from just $10 billion in the most recent fiscal year. (See our detailed report here).