While Oracle’s market capitalization shot up on the backlog news, the gain was based on a contract that may never be ...

Total Revenue: $15.9 billion, up 11% from last year. Non-GAAP EPS: $1.70. GAAP EPS: $1.19. Total Cloud Revenue (SaaS + IaaS): $6.7 billion, up 27%. Total Cloud Services and License Support Revenue: ...

(Bloomberg) --Oracle Corp. shares tumbled after a report that the software maker’s profit margin in its cloud computing business is lower than many on Wall Street have been estimating. While Oracle ...

Shares of Oracle Corp. closed 4% higher today following reports that it’s negotiating a $20 billion deal to provide Meta Platforms Inc. with cloud infrastructure. Sources told Reuters that the ...

OpenAI today confirmed that it has signed an agreement to purchase computing infrastructure worth $300 billion from Oracle Corp. over a period of roughly five years, as part of its previously ...

Oracle is on its way to becoming the best cloud for AI and high-performance computing. Oracle multicloud is cutting networking complexity and reducing data transfer latency. OpenAI will need to raise ...

Oracle on Monday named insiders Clay Magouyrk and Mike Sicilia as co-CEOs, replacing Safra Catz, who was instrumental in shaping the company’s cloud strategy and thrusting it to the forefront of the ...