Oracle Needs to Keep Sales Growth Humming After $200 Billion Run

The pressure is on for Oracle Corp. to deliver another quarter of accelerating revenue growth driven by spending on artificial intelligence after a run-up in its shares this year.

While the software maker’s stock is off its record high from last month, it’s still up more than 40% in 2025, placing Oracle among the 30 best performers in the S&P 500 and adding more than $200 billion in market value. The expansion is being fueled by its cloud infrastructure business, where Oracle projected sales growth would jump to more than 70% in the current fiscal year, sending the stock up 13% the day after its last earnings report in June.