Reported 1 day ago
Oracle's recent financial results showcase a remarkable growth trajectory fueled by significant cloud computing contracts, positioning founder Larry Ellison as a potential contender for the title of the world's richest individual. The company's revenue projections indicate a potential climb to $144 billion annually by 2030, with a notable $300 billion deal with OpenAI contributing to its surge. Analysts are astonished by Oracle's extreme increase in contracted revenue, which has soared 359% in a year, reflecting a strong demand for AI technology amidst the industry's rapid expansion.
Source: YAHOO