Reported about 1 month ago
Oracle reported better-than-expected quarterly results, driven by a 21% increase in cloud services revenue, reaching $5.6 billion. The company forecasts a revenue growth of 8% to 10% for the next quarter, exceeding analysts’ expectations. Oracle's investments in cloud computing are yielding promising results, including partnerships with AWS and Google Cloud, helping it narrow the gap with competitors like Microsoft.
Source: YAHOO