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Oracle shares jump on Google and OpenAI deals despite earnings miss

Oracle shares jump on Google and OpenAI deals despite earnings miss
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Oracle reports jump in quarterly cloud revenue

:Oracle on Tuesday forecast revenue for fiscal 2025 to grow in double digits, above analysts' estimates, indicating strong demand for its AI-powered cloud services, sending the company's shares up 9 per cent after the bell.The company also announced a partnership with ChatGPT-maker OpenAI and Google Cloud to ....

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Oracle misses quarterly revenue estimates

(Reuters) - Oracle missed Wall Street expectations for fourth-quarter revenue on Tuesday, hurt by weaker client spending on its cloud services amid stiff competition and an uncertain economy. The company reported revenue of $14.29 billion for the q. ....

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