Oracle Corporation stock (US68389X1054): Board adds new director amid Q3 cloud growth

Oracle Corporation announced the election of Dr. Tomislav Mihaljevic to its Board of Directors, effective May 6, 2026, increasing the board size to 13 members, StockTitan as of May 2026. The company also reported robust fiscal Q3 2026 results ended February 28, with revenue of $17.19 billion, a 22% year-over-year increase that beat estimates by 1.77%, Tickeron as of 2026. Oracle's cloud and AI momentum continues to drive growth for US investors tracking tech leaders on NYSE.

As of: 13.05.2026

By the editorial team – specialized in equity coverage.

Oracle Corporation: core business model

Oracle Corporation develops and markets cloud-based enterprise software applications and infrastructure worldwide. Its offerings include database software, Java middleware, and applications for ERP, HCM, and SCM. The shift to cloud services has positioned Oracle as a key player in hybrid cloud environments, relevant for US enterprises seeking scalable solutions. Recent board expansion supports strategic oversight in AI and cloud expansion.

Main revenue and product drivers for Oracle Corporation

Cloud revenue surged in fiscal Q3 2026 ended February 28, contributing to total revenue of $17.19 billion, up 22% YoY and beating estimates, Tickeron as of 2026. Key drivers include Oracle Cloud Infrastructure (OCI), AI integrations, and database services. For US investors, Oracle's exposure to hyperscale cloud demand amid AI boom underscores its NYSE-listed appeal.

Conclusion

Oracle Corporation's recent board addition of Dr. Tomislav Mihaljevic and strong Q3 cloud revenue growth highlight ongoing momentum in AI and infrastructure. US investors monitor NYSE:ORCL for enterprise tech exposure. Developments like these shape the company's trajectory amid market volatility.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.