The cloud-software provider’s results missed Wall Street’s expectations, but CEO Safra Catz said it expects fourth quarter revenue to grow 9% to 11%, with total cloud revenue jumping between 24% and 28%.

Oracle (ORCL) reported fiscal third-quarter sales that missed analysts’ expectations, but executives said they expect AI-driven growth in the coming fiscal year. The tech giant saw quarterly revenue climb 6% year-over-year to $14.

Oracle CEO Safra Catz said that the company's large sales backlog will help drive 15% growth in its revenue next fiscal year, surpassing analysts' current estimates as it expands its artificial intelligence cloud services.