Oracle CEO Safra Catz said that the company's large sales backlog will help drive 15% growth in its revenue next fiscal year, surpassing analysts' current estimates as it expands its artificial intelligence cloud services.

Database software and cloud services specialist Oracle ( ORCL -4.11%) reported fiscal 2025 third-quarter financial results on Monday, March 10, that fell short of analysts' consensus expectations. With an adjusted EPS of $1.47 and revenue of $14.13 billion, both figures were slightly below estimates of $1.49 and $14.38 billion, respectively.

Oracle Corp. shares fell in after-hours trading Monday, shaking off an initial gain as investors digested the software giant’s disappointing quarterly revenue, much of it from a cloud-services miss, rather than focusing on the large number of big cloud-computing contracts in the future.