Page 17 - Oracle Fusion Cloud News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oracle (NYSE: ORCL) recently reported its fourth-quarter results that managed to surpass the market's expectations. Like all other technology players today, Oracle is also gearing up its product offerings to address the growing demand for AI-capable solutions. Oracle's Financials Revenue for the fourth quarter grew 18% to $13.8 billion, slightly above analyst estimates of $13.74 billion. Net income was $4.1 billion or $1.19 per share. Adjusted EPS was $1.67. The market was looking for an EPS of $1.58. Cloud services and license support revenues grew 25% to $9.4 billion. Cloud license and on-premise license revenues fell 14% to $2.2 billion. Hardware revenues also registered a 1% growth to $850 million. Services revenues grew 78% to $1.465 billion. For the fiscal year, Oracle reported revenues of $50 billion, growing 22%, and an EPS of $5.12. Oracle's Generative AI Focus Oracle recently announced the addition of generative AI-powered capabilities within Oracle Fusion

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