Oracle Corp. regaled Wall Street on Monday with talk about the future, enormous demand and some very large cloud-services contracts, but its stock continued a downward trend over concerns about growing costs associated with building out more data centers.

Oracle reported its financial results for the third quarter of fiscal year 2025, revealing revenue below market expectations but maintaining an optimistic outlook on long-term cloud growth. The company cited increasing demand for artificial intelligence (AI) computing from enterprise clients as a key driver of future expansion.

Oracle Corp. reported disappointing quarterly results and gave a sales and profit forecast for the current quarter that fell short of analysts’ estimates.