The chairman, co-founder and chief technology officer of Oracle (ORCL) spoke during the software company's fourth-quarter earnings call. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰 "Oracle’s future is bright in this new era of cloud computing,

In the last five years, the stock has declined in 60% of occurrences, with a median drop of 4.4% and a maximum one-day decrease of 13.5%.

Shares reached record levels Thursday after revenue growth beat Wall Street expectations—and showed no signs of slowing. Oracle investors are on cloud nine today as the stock reached record heights. The company’s fourth-quarter earnings results beat expectations yesterday and projected even more gains in cloud infrastructure.