AI Tech Stock Oracle Corporation (NYSE: ORCL) Gains on Earnings and AI News

Core Viewpoint - Oracle Corporation reported exceptional financial results for Q3 fiscal 2026, with significant growth in both total revenue and non-GAAP earnings per share, marking a notable performance in the cloud sector and overall business operations [2][3]. Financial Performance - Total quarterly revenues increased by 22% in USD and 18% in constant currency, reaching $17.2 billion [3]. - Cloud revenues surged by 44% in USD and 41% in constant currency, amounting to $8.9 billion [3]. - Software revenues saw a modest increase of 3% in USD but a slight decline of 1% in constant currency, totaling $6.1 billion [3]. - GAAP operating income was reported at $5.5 billion, while non-GAAP operating income rose to $7.4 billion, reflecting a 19% year-over-year increase in USD and 14% in constant currency [4]. - GAAP net income reached $3.7 billion, and non-GAAP net income was $5.2 billion, up 23% in USD and 18% in constant currency [4]. - GAAP earnings per share increased by 24% in USD to $1.27, while non-GAAP earnings per share rose by 21% in USD to $1.79 [4]. Deferred Revenues and Cash Flow - Short-term deferred revenues stood at $9.9 billion [5]. - Operating cash flow for the last twelve months was $23.5 billion, reflecting a 13% increase in USD [5]. AI Health Initiative - Oracle announced the availability of its Health Clinical AI Agent for inpatient and emergency department settings in the U.S., aimed at improving documentation processes [6]. - The AI solution captures real-time patient encounter details, allowing clinicians to focus more on patient care, particularly in high-pressure environments like emergency departments [7]. - AtlantiCare, a healthcare organization in New Jersey, expanded its use of the Oracle Health Clinical AI Agent after achieving a 41% reduction in documentation time, further enhancing workflow efficiency [8].