article thumbnail

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. In Q4, Oracle will start delivering its completely new Ambulatory Clinic Cloud Application Suite to these same customers,” he noted.

Oracle 98
article thumbnail

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 Generative AI, Oracle billion.

Oracle 121
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Oracle 97
article thumbnail

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.

article thumbnail

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

GeekWire

The company helps entrepreneurs raise funding without going the traditional route of venture capital. “I’m passionate about the company’s mission,” Widner told GeekWire via email. “Lighter is the pioneer and the leader in RBF for software-as-a-service companies.” Founded in 2014, Vettd.ai

article thumbnail

New CIO appointments in India, 2022

CIO Business Intelligence

With more and more companies undertaking the journey of digital transformation, the role of the CIO has become critical. He joins the Indian beverage company after a 17-year stint at Wockhardt where he was associate vice president of information technology head. Amit Goel joins Blox as CTO. March 2022. March 2022.

article thumbnail

Customer data platform Amperity adds marketing and HR execs from F5, RealWear

GeekWire

McDonagh spent more than two decades at Intel and was most recently chief marketing officer at RealWear. The hires will help Amperity support growth of its customer data platform used by companies to get a handle on who is buying their products. “The company is in really good shape,” he said. Barry Padgett.