Oracle (ORCL) delivered quarterly results that topped analysts’ expectations and projected strong growth, sending shares higher in extended trading Wednesday.

Oracle shares jumped close to 7% in after-hours trading. The stock was up about 6% for 2025 through Wednesday's close.

In its fiscal fourth quarter, revenue grew 11% year-over-year to $15.9 billion, above the analyst consensus. Adjusted net income of $4.88 billion, or $1.70 per share, rose from $4.61 billion, or $1.63 per share, in the year-ago quarter, also beating estimates.

The gains came as cloud infrastructure revenue jumped 52% to $3 billion, making it Oracle's fastest-growing segment, though the figure was slightly short of Wall Street estimates.

CEO Safra Catz said Oracle expects cloud infrastructure growth to increase from 50% in fiscal 2025 to more than 70% in fiscal 2026. Analysts had called for growth of 62%, according to Visible Alpha.

"FY25 was a very good year—but we believe FY26 will be even better as our revenue growth rates will be dramatically higher," said Catz.

"Oracle is well on its way to being not only the world's largest cloud application company—but also one of the world's largest cloud infrastructure companies," Catz added.

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