William W Collins’ Post

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales by Reuters via Reuters - technology ([Global] oracle cloud) URL: https://ift.tt/S5vQxYJ Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. https://ift.tt/Nnli4jr

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales by Reuters via Reuters - business ([Global] oracle cloud) URL: https://ift.tt/S5vQxYJ Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. https://ift.tt/Nnli4jr

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales by Reuters via Business News | Today's International Headlines | Reuters ([Global] oracle cloud) URL: https://ift.tt/S5vQxYJ Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. https://ift.tt/Nnli4jr

Oracle's shares jumped over 6% as they announced plans to exceed $100 billion in revenue by fiscal 2029, driven by the rising demand for AI and cloud services. 📈 With major clients like AT&T, Lyft, and Cognizant, Oracle's strong performance continues to impress—beating estimates with $13.31 billion in Q1 revenue and raising their fiscal 2026 forecast to $66 billion. They're even outpacing cloud giants like Microsoft and Amazon! 🏆 We are proud to be a partner of Oracle and thrilled to witness their remarkable growth and leadership in the cloud space. Thanks Reuters for keeping us informed on the latest trends in IT and innovation. https://lnkd.in/g6ybzYJV

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales by Reuters via Retail News | Latest Consumer & Retail Stories | Reuters ([Global] oracle cloud) URL: https://ift.tt/S5vQxYJ Oracle shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services. https://ift.tt/Nnli4jr

#Oracle Corporation (NYSE: ORCL) has announced impressive Q3 results for fiscal year 2024. One of the key drivers behind this success has been the demand for its Gen2 AI infrastructure, which substantially exceeds supply. Despite opening new and expanding existing cloud data centers rapidly, Oracle expects to continue receiving large contracts reserving cloud infrastructure capacity. This is excellent news for enterprise cloud customers who are integrating artificial intelligence technology and innovation. Check out the link to learn more about Oracle's outstanding results: https://lnkd.in/g3ut2P5w #AI #cloudcomputing #Oracle #enterprise

Oracle’s Q4 fiscal results showcase the company’s robust sales momentum, with CEO Safra Catz announcing the signing of the largest sales contracts in Oracle's history during Q3 and Q4. The surge in demand for training AI large language models (LLMs) in Oracle Cloud has been a significant driver behind this achievement. Consequently, Oracle’s exceptional sales performance has propelled the remaining performance obligation (RPO) up by an impressive 44% to $98 billion. Read more about Oracle’s latest fiscal outcomes here: https://lnkd.in/eiug_R3f

Oracle Stock Climbs On $104 Billion FY29 Revenue Forecast: What To Know by Erica Kollmann via News ([Global] oracle cloud) URL: https://ift.tt/2iZnXtl Oracle Corp. (NYSE:ORCL) shares are trading higher Friday after the company said annual revenue will rise to at least $104 billion in fiscal year 2029. The Details: According to a Bloomberg report, Executive Vice President Doug Kehring delivered the forecast at Oracle's annual briefing for financial analysts on Thursday. Oracle also raised its revenue outlook for fiscal year 2026 to at least $66 billion, up from the prior target of $65 billion, as the company expands its cloud infrastructure business. Read Next: What’s Going On With AST SpaceMobile Stock? Collaborations with AWS, Microsoft and Google have boosted Oracle’s cloud infrastructure unit, with the segment posting a 45% revenue increase in ... Full story available on Benzinga.com https://ift.tt/Nnli4jr

Oracle Stock Climbs On $104 Billion FY29 Revenue Forecast: What To Know by Erica Kollmann via News ([Global] oracle cloud) URL: https://ift.tt/2iZnXtl Oracle Corp. (NYSE:ORCL) shares are trading higher Friday after the company said annual revenue will rise to at least $104 billion in fiscal year 2029. The Details: According to a Bloomberg report, Executive Vice President Doug Kehring delivered the forecast at Oracle's annual briefing for financial analysts on Thursday. Oracle also raised its revenue outlook for fiscal year 2026 to at least $66 billion, up from the prior target of $65 billion, as the company expands its cloud infrastructure business. Read Next: What’s Going On With AST SpaceMobile Stock? Collaborations with AWS, Microsoft and Google have boosted Oracle’s cloud infrastructure unit, with the segment posting a 45% revenue increase in ... Full story available on Benzinga.com https://ift.tt/Nnli4jr

Three problems with Oracle earnings today...."Oracle’s cloud services and license support segment, its largest business, saw sales rise 12% to $9.96 billion, slightly beating StreetAccount consensus expectations". Problems.... First, how much of this number was cloud and how much was technical support? Second, you force a 8% support increase to your customers and only get a 12% gain? Third, "Cloud license and on-premise sales declined 3%". Having said all that, they are a money making machine! AND I wish Palisade Compliance had these earnings to report. 🤠