AsianFin -- Oracle’s stock surged more than 25% in after-hours trading on Tuesday after the company unveiled an ambitious forecast for its artificial intelligence-powered cloud business, projecting revenue of $144 billion by fiscal 2030.

The software giant currently expects less than $20 billion in cloud infrastructure revenue for its ongoing fiscal year. But Chief Executive Officer Safra Catz said Oracle Cloud Infrastructure revenue is set to grow 77% to $18 billion this year, and then climb to $32 billion, $73 billion, $114 billion, and $144 billion over the next four years.

The stock rally came even as Oracle’s latest quarterly results missed Wall Street estimates. Revenue for the fiscal first quarter was $14.9 billion, shy of the $15 billion analysts surveyed by Bloomberg had expected, while adjusted earnings per share of $1.47 narrowly missed the $1.48 consensus forecast.