# Oracle reported stronger-than-expected third-quarter revenue.

*genai · news · 2026-03-11 · International Business Times*

## Key points

- Oracle will invest $50 billion in new data centers this fiscal year, nearly doubling last year’s spend.
- The company plans significant workforce reductions and a cloud division hiring freeze due to AI efficiencies.
- Oracle reported a negative free cash flow of -$24.7 billion last quarter, with negative flow expected until 2030.
- AI-generated code has enabled Oracle to restructure development teams into smaller, more productive groups.

**Companies:** Oracle
**Countries:** United States

[Read the full story on International Business Times](https://www.ibtimes.com/oracle-earnings-beat-expectations-small-layoff-begins-because-ai-3798917)

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