Oracle posts mixed results as cloud demand surges
Oracle reported its financial results for the third quarter of fiscal year 2025, revealing revenue below market expectations but maintaining an optimistic outlook on long-term cloud growth. The company cited increasing demand for artificial intelligence (AI) computing from enterprise clients as a key driver of future expansion.
Oracle’s cloud may be been in the running to be the host of a massive AI training system for Elon Musk’s xAI startup, with a ...
Database software and cloud services specialist Oracle ( ORCL -4.11%) reported fiscal 2025 third-quarter financial results on ...
Back in 2020, Oracle was widely seen as a fading player in the cloud infrastructure spacea mature legacy vendor at risk of losing market share. Fast forward four years, and the narrative has ...
The company aims to double its capacity this year as demand for AI compute “continues to dramatically outstrip supply,” Oracle CEO Safra Catz said Monday.
‘This makes AI central to almost everything we’re doing,’ Oracle co-founder Larry Ellison ... secure and more reliable and have a better UI (user interface) and all of those things.
Revenue increased 6% from $13.3 billion in the same period last year. Net income rose 22% to $2.94 billion, or $1.02 a share, from $2.4 billion, or 85 cents a share, a year earlier. Revenue in ...
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