Oracle Shares Up on Strong Growth Rate for GPU Business

Shares of Oracle were up more than 6% in afterhours trading, after CEO Safra Catz said its growth rate for its cloud computing business is expected to be 70% in the current fiscal year.

“Our revenue growth rates will be dramatically higher,” she said in a statement.

That would mean Oracle expects to generate around $17.5 billion in revenue in the next twelve months from renting data center servers—including many that contain Nvidia graphics processing units—to customers. In the 2025 fiscal year, which ended at the end of May, Oracle’s cloud computing unit generated more than $10 billion in revenue.

Oracle’s cloud business is larger than firms such as CoreWeave but still much smaller than Google or Amazon Web  Services. In the three months ended in May, Oracle’s revenue from the cloud unit grew 52% to $3 billion, up from a 49% revenue growth rate in the February quarter.

Oracle said its capital expenditures in its 2025 fiscal year were $21 billion, up $6.9 billion in the previous year. It expects spending this year will reach $25 billion, primarily on chips and other equipment for data centers.