From Investing.com: 2024-06-12 04:59:39

Shares in Oracle soared in premarket trading after forecasting revenue growth in 2025 FY exceeding estimates. New partnerships with OpenAI and Google Cloud aim to expand AI infrastructure. Oracle focuses on boosting cloud business to compete with Microsoft Azure and Amazon Web Services. CEO projects double-digit sales growth driven by strong cloud demand. Q1 revenue expected to grow by 5-7%. Adjusted Q4 earnings missed expectations, but remaining performance obligations increased by 44%.



Read more at Investing.com: Oracle surges as annual revenue growth outlook tops estimates amid solid AI demand By Investing.com