From CNBC: 2024-06-11 17:53:37

Larry Ellison’s Oracle saw shares surge 11% after inking cloud deals with Google and OpenAI, despite Q4 results missing forecasts. Revenue grew 3% YoY to $14.29B, with net income at $3.14B. Cloud services made $10.23B, cloud infrastructure $2B. Oracle targets $13.39B revenue and earnings of $1.31-$1.35/share for Q1. Ellison touts building vast data centers and AI capabilities in the cloud space. Oracle exits advertising, stock up 18% YTD.



Read more at CNBC:: Oracle (ORCL) Q4 earnings report 2024