Oracle Corp. shares gained almost 10% in extended trading after the company posted strong results and gave an outlook that suggested there is little letup in demand for AI computing.
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Oracle stock jumps after earnings beat. AI powers stronger-than-expected cloud growth.
Oracle stock jumped late Tuesday after the enterprise and cloud-computing giant company reported fiscal Q3 results.
Oracle reported a 27% year-on-year increase in net income available to common shareholders for the third quarter of fiscal 2026 (Q3 FY26), with profit rising to $3.7bn from $2.9bn in the same period a ...
The Austin-based tech company forecast $90 billion in revenue as investors watch whether its costly data center expansion will pay off.
The company is working to deliver on massive cloud infrastructure contracts with customers Read more at The Business Times.
Last night after Wall Street closed, Oracle released its quarterly results, with revenues up 84% to $4,9 billion, expected to rise to $90 billion in the next fiscal year, which begins in June. Demand ...
Oracle on Tuesday said its revenue in the recently ended quarter soared more than expected as demand for services boosted by artificial intelligence outpaced supply.
Oracle shares were in the spotlight all through 2025 as its cloud business found success by providing chip-filled data centers and other equipment for training and deploying AI models. The company is ...
U.S. software company Oracle Corporation on Tuesday reported strong financial results for the third quarter of fiscal year 2026, driven by rapid growth in cloud services and rising demand for ...
Oracle co-CEO Mike Sicilia and Chief Technology Officer and co-founder Larry Ellison dismissed concerns around a “SaaSpocalypse” of more traditional enterprise software-as-a-service vendors getting ...
Oracle is preparing broad job cuts as it tries to contain the cost of a major AI data center push. The company is also launching new AI software, which shows a ...
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