Reported 1 day ago
Oracle has reported a strong fiscal fourth quarter with revenues of $15.90 billion, exceeding estimates, and anticipates triple-digit growth for its cloud revenue in fiscal year 2026. Analyst Pat Walravens praises Oracle's cloud business growth and its competitive edge against major players like Amazon and Microsoft, particularly through its partnership with Nvidia and focus on high-performance infrastructure without the distraction of developing its own chips.
Source: YAHOO