Oracle's cloud unit has paused all work on everything except "updated priorities" and directed teams to work on projects on a "24x7" basis.
Oracle Corp. today disclosed that it has won a cloud contract worth more than $30 billion annually. Shares of the company jumped almost 9% on the news at one point. It ended the trading session up 4%.
Oracle tightened its embrace of the Cloud Native Computing Foundation (CNCF), announcing a curated set of open source software plucked from CNCF’s menu of projects. The CNCF projects are part of what ...
Oracle projects cloud infrastructure revenue will explode from $10 billion to $144 billion by 2030, outpacing AWS and Azure at comparable stages. The company's $455 billion backlog and ...
The Register on MSN
Delays? What delays? Oracle insists its $300B cloud contract with OpenAI is on track
And don't sweat the debt either, we've got plenty of capital at our disposal Despite Wall Street jitters and reports to the contrary, Oracle insists its $300 billion datacenter deal with OpenAI is on ...
Larry Ellison, now Oracle's CTO, has played a major role in helping the company win AI cloud deals and pivot beyond legacy software Oracle projects that its Oracle Cloud Infrastructure business will ...
Morning Overview on MSN
Oracle’s AI sprint backfires into its worst quarter since 2001
Oracle’s aggressive push to reinvent itself as an artificial intelligence heavyweight has collided with market reality, ...
The replacement contract, called Joint Warfighting Cloud Capability (JWCC), will result in multiple Indefinite-Delivery, Indefinite-Quantity (IDIQ) contracts, according to the Pentagon. The U.S.
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Oracle (NYSE: ORCL) just delivered something extraordinary -- a quarterly earnings miss that sent its stock soaring 30% in after-hours trading. The company reported non-GAAP earnings per share of ...
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