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Oracle Shares Hit As Q2 Misses Estimates, Sees Q3 Below View

Oracle Shares Hit As Q2 Misses Estimates, Sees Q3 Below View

Shares of Oracle Corp. declined around 8 percent in the after-hours trading on Monday, and is currently down around 9 percent in the pre-market activity on the NYSE after the tech major's second-quarter earnings missed the market estimates, and also issued third-quarter outlook below the Street view. However, the quarterly profit and revenues increased from last year on continued demand for AI.
RTTNews | 14天前
Oracle To Invest More Than $6.5 Bln In Malaysia For AI And Cloud Services

Oracle To Invest More Than $6.5 Bln In Malaysia For AI And Cloud Services

Oracle Corp. announced plans to invest more than $6.5 billion to open a public cloud region in Malaysia, with a view to meeting rapidly growing demand for its artificial intelligence or AI and cloud services in the country. The upcoming cloud region would extend Oracle Cloud Infrastructure or OCI's footprint in Asia Pacific to 12 public cloud regions.
RTTNews | 84天前
Oracle Stock Up On Q1 Profit Above Street, Deals With Amazon, Google

Oracle Stock Up On Q1 Profit Above Street, Deals With Amazon, Google

Shares of Oracle Corp. gained around 9 percent in the after-hours trading on Monday after the tech major reported higher first-quarter earnings above market estimates, and a dividend. The company also announced partnerships with Amazon Web Services, Inc., Google Cloud, and certain other global organizations for Oracle Database.
RTTNews | 106天前
Oracle Stock Up On Deals With OpenAI, Microsoft, Google Amid Strong AI Demand

Oracle Stock Up On Deals With OpenAI, Microsoft, Google Amid Strong AI Demand

Oracle Corp. shares gained over 9 percent in the extended trading on Tuesday on the NYSE after the tech major announced artificial intelligence or AI cloud infrastructure partnerships with Microsoft, ChatGPT maker OpenAI, and Alphabet's Google Cloud. While announcing fourth-quarter results, the company also said it expects continued strong AI demand throughout fiscal year 2025 to push Oracle sales
RTTNews | 196天前
Google, Microsoft, Oracle, Amazon Awarded $9 Bln Worth Pentagon Cloud Deal

Google, Microsoft, Oracle, Amazon Awarded $9 Bln Worth Pentagon Cloud Deal

The Pentagon announced that up to $9 billion worth of cloud-computing contracts were awarded to Google, Oracle, Amazon, and Microsoft. In a statement, the U.S. Department of Defense said, "The purpose of this contract is to provide the Department of Defense with enterprise-wide, globally available cloud services across all security domains and classification levels..."
RTTNews | 747天前