1634 ET - Oracle says it is building more software in less time and with fewer people. AI models for generating computer code have become more efficient, prompting the cloud-computing company to restructure product development teams into smaller groups, Oracle says in its 3Q earnings report. As a result, Oracle is building more software-as-a-service applications for more industries at a lower cost, it says. "AI code generation is making our SaaS applications suites more competitive and more profitable," Oracle says. Shares gain 7.9% after hours. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

March 10, 2026 16:34 ET (20:34 GMT)

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