Oracle shares soared to a record high Thursday, a day after the company projected “dramatically higher" revenue growth in its current fiscal year.

Chief Executive Safra Catz late Wednesday called for “dramatically higher” revenue growth rates in the fiscal year ahead.

Oracle stock jumped 14% on Thursday to touch an all-time high of $202.44 after the company's fiscal fourth quarter results topped Wall Street's expectations.

Oracle shares rose to a record high on Thursday, moving co-founder Larry Ellison ahead of a pair of other ultra-rich tech leaders for the spot of world's second-richest person.

Oracle Corporation beat Q4 expectations with strong cloud growth and AI-driven growth. Click for how ORCL valuation limits upside, but the long term remain bullish.

Oracle knew that a massive wave of orders was coming, but they refused to build out infrastructure until contracts were signed. They faced an impossible choice: Insufficient capacity or excess capacity.

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We are putting out as much capacity as we possibly can,” CEO Safra Catz said during a Wednesday earnings call.