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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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A third of Oracle revenue now comes from cloud services

CIO Business Intelligence

After years of investments, Oracle’s bet on cloud computing has started to pay off with nearly a third of its revenue in the first quarter of fiscal year 2023 coming from cloud services. Total cloud revenue (SaaS and IaaS combined) stood at $3.6 Oracle sees growth in all segments of cloud computing.

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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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Cloud, SaaS boost Oracle sales, but competition exacts costs

CIO Business Intelligence

Cloud services and sales of SaaS applications boosted Oracle revenue for its last fiscal quarter, but the price of keeping up with the leading hyperscale cloud providers dragged down overall profit. Oracle’s user base grows. Oracle did have results to brag about, in terms of growing its cloud user base.

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DevOps Momentum Builds at Oracle CloudWorld 2022

Flexagon

In October we were excited to be back at Oracle’s main annual event, now under a new name as Oracle CloudWorld. It was nothing less than exhilarating to engage with existing customers, prospective customers, partners, and members of the Oracle team in business and social settings. Cloud, Cloud, and Multi-Cloud .

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Oracle to invest $2.4 billion quarterly in cloud infra as demand grows in triple digits

CIO Business Intelligence

Oracle on Monday said it will continue to invest $2.4 billion per quarter in its cloud business, which accelerated 48% in the second quarter, helping the company revenue grow 25% year-on-year, without accounting for currency fluctuations. The company expects cloud infrastructure ( IaaS ) margins to improve in the coming quarters.

Oracle 69
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OCI demand for AI workloads, Cerner boost Oracle’s third quarter revenue

CIO Business Intelligence

Oracle on Thursday reported third quarter total revenue of $12.4 billion, up 18% year-on-year, boosted by the demand for AI workloads in Oracle Cloud Infrastructure (OCI) and Cerner’s contribution to the topline. “So, For the third quarter, the company reported total cloud revenue (IaaS and SaaS combined) of $4.1

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