[Oracle's Earnings Exceed Expectations and Raises 2027 Revenue Guidance, AI Data Center Strategy Boosts Stock Price by Nearly 8% After Hours] BlockBeats News, March 11: Oracle (ORCL.N) saw its stock price rise 7.8% after hours last night due to better-than-expected earnings and an optimistic forecast for its long-term revenue, driven by its significant investment in the AI data center sector. According to the released data, Oracle's revenue for the third quarter of fiscal year 2026 increased by 22% year-over-year to $17.2 billion, surpassing the market expectation of $16.9 billion. In addition, the company raised its revenue forecast for fiscal year 2027 to $90 billion, higher than market expectations. Currently, Oracle has launched a strong offensive aimed at competing with larger rivals such as Amazon and Microsoft to provide computing resources for AI companies. Wedbush analysts stated that Oracle's third-quarter earnings and outlook are likely to give investors a "sigh of relief." Oracle's outlook for 2026 and 2027 indicates that the company has begun monetizing its AI business. Oracle also mentioned that it has raised $30 billion of the anticipated $50 billion investment funding. Analysts believe this will ease investor concerns about Oracle's ability to finance its data center deals.