Reported 30 days ago
Oracle's stock saw a significant rise after reporting better-than-expected fiscal first-quarter earnings, with revenues of $13.31 billion and adjusted earnings of $1.39 per share, surpassing expectations of $13.26 billion and $1.33 per share, respectively. The increase is attributed to heightened demand in AI and data centers, alongside news of a new partnership with Amazon's AWS for Oracle Database.
Source: YAHOO