Oracle Reports Strong Earnings and Raises Cloud Growth Forecast

Oracle Corporation reported strong earnings, with shares jumping significantly following the announcement. The company exceeded revenue estimates, driven by robust demand for cloud services. Oracle’s CEO highlighted the potential for ‘dramatically higher’ revenue growth in the coming year. The company also raised its annual forecast, citing strong momentum in cloud services. Analysts described the results as ‘stunning,’ reflecting Oracle’s successful transition to cloud-based solutions. \n— new from Barron’s

Leave a Reply

Your email address will not be published. Required fields are marked *