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Oracle's $553 Billion Backlog Is Either a Gold Mine or a Mirage. Earnings Just Revealed the Answer.
Oracle ended its fiscal third quarter with $553 billion in remaining purchase obligations -- up 325% year over year.
Oracle has guided for tremendous revenue growth in its cloud infrastructure business over its next four fiscal years.
Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data ...
Oracle bought 15% of TikTok's U.S. operations in January after China's ByteDance was forced by U.S. law to divest.
While Oracle has traditionally been viewed as a legacy database provider, its aggressive pivot toward Oracle Cloud Infrastructure (OCI) has sparked a ...
Shares of Oracle and chipmakers rose on Wednesday after a strong earnings report signaled AI demand remains healthy, but ...
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