Oracle Cloud News Today

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Oracle reported fourth-quarter earnings for fiscal 2024 that missed analysts' estimates, but shares surged in extended trading after the company announced large cloud infrastructure deals with Microsoft, OpenAI, and Alphabet's Google.

ORCL earnings call for the period ending March 31, 2024.

Big cloud AI deals with Google and OpenAI send Oracle's stock higher, despite earnings miss - SiliconANGLE

"I expect that each successive quarter should grow faster than the previous quarter - as OCI (Oracle Cloud Infrastructure) capacity begins to catch up with demand," CEO Safra Catz said.

By Ben Glickman Oracle and Google will partner to bring a new cloud-based offering to customers later this year. The companies said Tuesday that Google Cloud would offer Oracle Cloud...

(Bloomberg) -- Oracle Corp. reported better-than-expected bookings and announced partnership deals with tech rivals, giving a boost to Chairman Larry Ellison’s effort to redefine the software maker as a major competitor in the business of cloud computing. The shares gained more than 9% in extended trading.Most Read from BloombergHunter Biden Convicted of Gun Charges by Jury in DelawareApple Hits Record After Introducing ‘AI for the Rest of Us’Dozens of CVS Generic Drug Recal...

Oracle reported fourth-quarter revenue of $14.3 billion, missing the consensus estimate of $14.554 billion, according to Benzinga Pro.

Oracle today announced plans to open two Oracle Cloud Regions in Morocco to offer enterprise cloud services to local and regional organizations across Africa. The upcoming new regions will...

The chipmaker has also partnered with Qualcomm to grab a piece of the emerging AI inferencing market.