Larry Ellison pointed to a doubling in the amount of money that artificial-intelligence development companies have agreed to spend on Oracle cloud services
The company announced new database hardware and artificial-intelligence software features during the quarter.
shares moved about 5% lower in extended trading on Monday after the database software maker disclosed fiscal first-quarter revenue that was slightly lighter than expected.$1.19 per share, adjusted, vs. $1.15 per share as expected by analysts, according to LSEG.Get San Diego local news, weather forecasts, sports and lifestyle stories to your inbox.
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Oracle Earnings Are Just Ahead. It’s All About AI.The company reports August quarter results Monday. The heart of the story remains the boost to its cloud computing business from AI workloads.
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