Oracle, Wall Street and Day After
Digest more
The Breville Oracle Jet streamlines brewing and offers plenty of customizations, making espresso approachable for beginners — and fun for pros, too
Chief Executive Safra Catz late Wednesday called for “dramatically higher” revenue growth rates in the fiscal year ahead.
Oracle shares soared to a record high Thursday, a day after the company projected “dramatically higher" revenue growth in its current fiscal year.
Explore more
Oracle knew that a massive wave of orders was coming, but they refused to build out infrastructure until contracts were signed. They faced an impossible choice: Insufficient capacity or excess capacity.
Revenue increased 11% year over year during the fiscal fourth quarter, which ended on May 31, according to a statement. Net income rose to $3.43 billion, or $1.19 per share, from $3.14 billion, or $1.11 per share, in the same quarter last year.
Oracle Corporation beat Q4 expectations with strong cloud growth and AI-driven growth. Click for how ORCL valuation limits upside, but the long term remain bullish.
Oracle is set to deploy an AI cluster with up to 131,072 of AMD's new MI355X GPUs. The company has also made its Nvidia GB200 NVL72 supercluster available, signed a new customer partnership with Seekr, and is joining Nvidia's DGX Cloud Lepton platform.