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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI. Despite the fact that we are opening new and expanding existing cloud data centers very, very rapidly.”

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Oracle expects data-hungry generative AI to drive revenue growth

CIO Business Intelligence

Oracle is betting on high demand for data, driven by generative AI -related workloads, to boost revenue in upcoming quarters as enterprises look to adopt generative AI for productivity and efficiency. For the first quarter of fiscal year 2024, Oracle posted a total revenue of $12.5 billion, boosted by cloud sales that brought in $4.4

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NJVC's Kevin L. Jackson Co-Authors INSA White Paper on Cloud.

Cloud Musings

Cloud Musings by Kevin L. Personal comments and insight on cloud computing related technologies and their use in the public sector to support net-centric operations. Cloud Musings on Forbes. NJVC Cloud Computing. Get "Cloud Musings" by RSS. GovCloud Daily. GovCloud Presentations. GovCloud on Facebook.

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