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Oracle: From Multicloud Databases to AI Agent Platforms—A New Era of Enterprise Automation!

Oracle Corporation reported a strong third quarter for fiscal year 2026, driven by accelerated growth in cloud applications and AI infrastructure. Organic total revenue and non-GAAP earnings per share both grew by more than 20%, marking the first time in over 15 years that Oracle achieved these levels simultaneously in a single quarter. This performance reflects expansion in AI-related offerings, progress in the company’s multicloud database strategy, and continued growth in large enterprise deployments. The applications business showed solid momentum, with cloud applications revenue rising 11% in constant currency and reaching an annualized run rate above $16 billion. Growth spanned multiple SaaS products, including Fusion ERP, SCM, HCM, CX, NetSuite, and industry-specific SaaS solutions, which collectively grew 19%. Oracle also expanded AI integration across its software portfolio, launching new AI-enabled customer experience applications and embedding more than 1,000 AI agents within existing products.