Oracle jumps 7% after reporting 30% revenue growth fueled by AI cloud demand
Oracle's cloud infrastructure revenue jumped 121% since last year, reflecting demand for its AI cloud services.
2 sourcesHeat 5.3Updated 3h ago
How Oracle shook off fears about AI spending, sending its stock higher
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How Oracle shook off fears about AI spending, sending its stock higher
“Several of Oracle’s bear cases were addressed head on” in the latest earnings report, according to an analyst.
Oracle’s AI bet pays off as cloud momentum helps drive a rosier forecast
The company saw its backlog grow even more in the latest quarter.
Oracle's stock edges up on earnings beat as cloud infrastructure revenue more than doubles
Oracle's results for the quarter came in stronger than expected, as did its revenue backlog.