AICNBC Techabout 1 hour ago
Oracle Revenue Grows 30% on AI Cloud Demand
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Oracle reported fiscal first-quarter revenue of $19.35 billion, a 30% increase that beat analyst estimates. Cloud revenue rose 62% to $11.6 billion, with cloud infrastructure revenue jumping 121%. The company delivered 850 megawatts of new data center capacity and booked over $30 billion in AI cloud contracts.
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