Oracle reported fiscal Q1 results surpassing expectations with revenue of $19.35 billion, up nearly 30% year-over-year, and adjusted earnings per share of $1.92 versus $1.74 expected. The company’s cloud revenue soared 62%, driven by strong demand for cloud infrastructure and data center expansion amid the AI boom. Oracle projects continued robust growth for Q2 and fiscal 2027, despite rising debt and negative free cash flow due to heavy capital expenditures. Shares rose 7% in after-hours trading following the strong report.
Oracle announced plans to obtain FedRAMP Class D certification for its AI Database services on AWS, Azure, and Google Cloud. This certification will allow US government and public sector organizations to run regulated Oracle workloads securely on the...
Oracle's stock rose 5% after announcing that Google's Tensor Processing Units (TPUs) will be available on Oracle Cloud Infrastructure starting next year, marking the first time Google chips are offered on a hyperscale cloud outside Google. Additional...
Oracle announced it is incorporating OpenAI's ChatGPT and Codex into its software applications to enhance database functionality and enterprise AI access. The company also revealed that its cloud infrastructure will support various AI hardware, inclu...
Oracle announced a major collaboration with OpenAI to integrate advanced AI models like ChatGPT and Codex into Oracle's applications, data, and cloud infrastructure. This partnership aims to transform enterprise operations by enabling AI-driven workf...
Oracle Cloud Infrastructure (OCI) will be the first hyperscale cloud platform outside Google to offer Google's Tensor Processing Units (TPUs) starting in 2027. This partnership allows OCI customers to access Google's specialized AI hardware, designed...
