Revenue from cloud services soars 44% to $8.91B
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Oracle Corp. ORCL is set to report its fiscal third-quarter earnings on Tuesday. Analysts Expect Strong Revenue Growth Analysts expect Oracle to post third-quarter revenue of $16.9 billion, up from $14.
Evercore analyst Kirk Materne said Oracle's announcement of using $25B in debt and $25B in equity to capitalize itself, along with OpenAI's recent funding announcement, “should alleviate near-term funding concerns and provide more clarity as it relates to Oracle’s ability to deliver AI capacity to its key customers.”
Before Oracle reported earnings on March 10, the narrative was ugly. Job cuts. AI cash crunch. A stock down 23% year to date. Reddit’s r/stocks was flooded with a thread titled “What is wrong with Oracle?
Oracle’s cloud and AI infrastructure businesses are driving rapid revenue growth ahead of Tuesday’s earnings report, but massive data-center spending is reshaping the company’s cash flow and balance sheet.
Big Red waves new features including vector support, while skeptics await concrete timescales Oracle has proposed a more transparent approach to developing its open source database MySQL, including new features supporting vectors.
The database giant is leveraging assets from its acquisition of DataScience.com to deliver a new enterprise-grade, cloud-based data science platform focused on collaboration. Oracle Wednesday staked its claim in the data science platform space with the ...
SQL Server supports quicker deployment across enterprise tools through integration services and hybrid system support.Oracle Database is structur