07:04 AM EDT, 09/13/2024 (MT Newswires) -- Oracle (ORCL) Executive Vice President of Corporate Operations, Doug Kehring, said during the company's financial analyst meeting on Thursday that its revenue in fiscal year 2029 will exceed $104 billion.

The company also raised its revenue outlook for fiscal 2026 to at least $66 billion from a previous target of $65 billion. Analysts surveyed by Capital IQ expected $64.66 billion.

Oracle's shares rose more than 6% in recent premarket activity on Friday.

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