Oracle jumps 6% after reporting 30% revenue growth fueled by AI cloud demand

LargecapNews newsroom brief · 1h ago · 1 min read · via cnbc.com

Oracle's cloud infrastructure revenue jumped 121% since last year, reflecting demand for its AI cloud services.

Oracle's cloud infrastructure revenue jumped 121% since last year, reflecting demand for its AI cloud services. This story matters for Finance & Markets readers tracking largecap. Reported by cnbc.com. Read the full original at the source link below.

Originally reported by cnbc.com. LargecapNews curates and briefs the finance & markets stories that matter. Our editorial policy →

Across the eCorp newsroom network

ExpoNews — Anthropic’s safety-first image takes a hit ahead of its massive IPO: ‘AI could kill all humans.’
LendingNews — On my late husband’s birthday, I want to pay for every customer at his favorite restaurant. Is this a good idea?
OptionNews — Trump dismisses AI extinction risks as more than a dozen OpenAI, Anthropic insiders call for a slowdown
BrokerNews — Why fears of AI self-improvement are causing ‘existential’ concerns at Anthropic and OpenAI

Oracle jumps 6% after reporting 30% revenue growth fueled by AI cloud demand

More from LargecapNews

Across the eCorp newsroom network