Reported 7 months ago
Despite missing fiscal fourth-quarter earnings estimates, Oracle shares are rising after announcing partnerships with Google's Cloud Platform and OpenAI to extend Microsoft's Azure AI platform. Synovus Trust Senior Portfolio Manager Dan Morgan notes that while Wall Street is overlooking the earnings figures, the focus is on the potential of Oracle's cloud infrastructure and its opportunity to cross-sell to its significant database population of around 400,000 installations, potentially significantly growing its cloud business.
Source: YAHOO