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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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Oracle to boost cloud investments after a strong quarter

CIO Business Intelligence

The demand for cloud infrastructure combined with the rise in sales of SaaS services boosted Oracle’s fourth quarter revenue for fiscal year 2022, but the acquisition of healthcare tech company Cerner has chalked up a debt of $15.8 Riding on the tailwinds of its previous quarter , Oracle reported total revenue of $11.8

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Oracle’s Larry Ellison looks to one-up Amazon, offering full cloud inside customer data centers

GeekWire

Oracle founder CTO Larry Ellison. Oracle photo). Oracle unveiled a new service that promises to make all of its public cloud services available as a fully managed cloud region in its customers’ data centers, developed by an Oracle team based largely in the company’s Seattle engineering office.

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Cloud – Get on Board or be left Behind

CTOvision

Cloud – Get on Board or be left Behind. By: Brandee Daly, Founder C2S Consulting Group. Trigg Borgerson, CTO. Cloud is not just for your IT Department. If you look at IT leaders 10 years ago you will see companies like IBM, Oracle, HP, and Motorola leading the Fortune 500. This is what is commonly called DevOps.

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New CIO appointments in India, 2022

CIO Business Intelligence

He has assisted the top management in planning IT strategies and leveraging technologies for rationalizing manpower, enhancing organizational productivity, and improving the efficiency of operations. Amit Goel joins Blox as CTO. Real estate buying platform Blox has appointed Amit Goel as its chief technology officer, based in Mumbai.

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Tech Moves: Lighter Capital names new CEO; Amazon exec joins Uber as CTO; and more

GeekWire

.” — Uber appointed Sukumar Rathnam as its new chief technology officer. He was an executive at PeopleSoft, which was acquired by Oracle in 2005. Long-time Uber CTO Thuan Pham stepped down earlier this year shortly before the company cut 25% of its global workforce. The Redmond, Wash., Seattle, Wash.