Reported about 9 hours ago
Oracle Corp. (ORCL) shares soared to an all-time high as the company announced its aim to achieve $144 billion in AI revenue over the next four years. CEO Safra Catz highlighted expected growth in Oracle Cloud Infrastructure revenue, projecting it to reach $18 billion this fiscal year and continue climbing significantly in the following years. The company reported a strong demand for its services, evidenced by a $455 billion contract backlog and substantial growth in database revenues from major tech partners.
Source: YAHOO