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Massive News for Oracle Stock Investors [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
known for database management, is going all-in on developing its cloud presence and serving artificial intelligence (AI) customers. The efforts are working, with demand and cloud infrastructure revenue soaring in recent times. In fact, in Oracle's quarterly report this week, the company announced a 42% increase in cloud infrastructure revenue to $2 billion. And Oracle even forecast full-year revenue growth in the double digits based on current AI demand. The company is showing it is attracting customers -- it even signed its biggest contracts ever in the past two quarters -- and can compete with larger cloud services providers. On top of this, Oracle shared news that could be massive for the company and for shareholders. Let's check it out. Oracle's focus on cloud infrastructure As mentioned, Oracle is putting the focus on expanding and strengthening its cloud infrastructure offerings and serving AI customers. This helped the company sign its largest sales contracts ever in the
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