Oracle Shares rose about 6% in extended trading Thursday after the database software maker raised its revenue guidance for fiscal 2026 and issued a soaring forecast for fiscal 2029.

At an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas, the company said it now expects at least $66 billion in revenue for fiscal 2026. Analysts surveyed by LSEG had anticipated $64.5 billion.

Oracle’s strong week continues. Shares have gained about 15% over the past three trading sessions and are trading at a record high after the company announced quarterly results that beat expectations. The stock is now up 55% for the year, trailing only Nvidia among large-cap tech companies.

Oracle also sometimes offers multi-year forecasts. The company said Thursday that for fiscal year 2029, it expects more than $104 billion in revenue, along with year-over-year earnings per share growth of 20%.

“Those numbers shouldn’t be a problem at all,” CEO Safra Catz said at the event. She pointed to partnerships that will allow companies to use Oracle’s database software through top-tier cloud providers. Amazon, Google and MicrosoftOracle announced the relationship with Amazon on Monday.

The company’s cloud infrastructure revenue grew 45% last quarter, a faster pace than Amazon, Google or Microsoft.

In addition to generating more revenue as companies move workloads to the cloud from their data centers, Oracle has an opportunity to grow in artificial intelligence. On Wednesday, Oracle said its competing cloud unit has begun taking orders for a batch of more than 131,000 next-generation “Blackwell” graphics processing units. Nvidia.

As Oracle plans to expand its revenue, Catz said he expects capital expenditures to double in the current fiscal year 2025.

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