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Prestigious accolade celebrates achievements in offering innovative services to customers in Americas region
Oracle (NYSE: ORCL) recently reported its first quarter results that failed to impress the market. The miss in the revenue performance and outlook sent the stock falling 9% in the after-hours trading session. Oracle's Financials Revenue for the first quarter grew 9% to $12.45 billion, slightly below analyst estimates of $12.47 billion. Net income was $2.4 billion or $0.86 per share. Adjusted EPS was $1.19. The market was looking for an EPS of $1.15. Cloud services and license support revenues grew 13% to $9.5 billion. Cloud license and on-premise license revenues fell 10% to $0.8 billio...
The new Oracle Database 23c arrives with 300+ features, but it's the new AI and ML features will truly enable enterprises to fully extract the value of generative AI.
The second cloud region in Monterrey, providing over 100 OCI services, is part of Oracle's plan to compete with AWS, Google and Microsoft, and cash in on enterprise interest in generative AI.