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Oracle said revenue in its cloud infrastructure unit increased 49% from a year earlier to $2.7 billion. "We are on schedule to double our data center capacity this calendar year," Oracle Chair ...
Oil prices spike on tight supplies, upbeat OPEC Oracle down after downbeat forecast, Q1 revenue miss WestRock jumps on Smurfit Kappa merger Indexes: S&P 500 -0.57%, Nasdaq -1.04%, Dow -0.05% Sept ...
Summary The story is the same last 2 years - cloud is growing, while database is weak. Database is 12% of revenue, down from 35%, while cloud is now 9% of revenue, up from 2%.
Wall Street stocks ended lower on Tuesday as Oracle shares tumbled more than 13% after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial ...
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