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Oracle Q4 Results Strong, Outlook Positive, But Stock Drops On Plan To Raise $20 Bln More
Tech major Oracle Corp. issued first-quarter outlook expecting higher results, and raised fiscal 2027 earnings view, after reporting significant growth in fourth-quarter results driven by Cloud Infrastructure & Cloud Applications. Meanwhile, the shares were losing around 10 percent in the pre-market activity on the NYSE, after the firm said it expects to raise around $20 billion more...
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vor 93 Tagen
Oracle Shares Climb On Upgraded Outlook After Strong Q3 Results
Shares of Oracle Corp. were gaining around 12 percent in the overnight trading, and are up around 10 percent in the pre-market activity on the NYSE, after the tech major said it expects strong revenue growth in its fourth quarter, and raised revenue outlook for fiscal 2027. The company also maintained revenue view for fiscal 2026, after reporting significantly higher results in its third quarter.
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vor 184 Tagen
ByteDance Signs Deal For TikTok's New US JV To Avoid Ban
With a view to avoiding a U.S. government ban for TikTok, its Chinese owner ByteDance Ltd. signed binding agreements, backed by President Donald Trump, with three managing investors to form a joint venture to operate the U.S. operations of the video-sharing app, media reported citing a memo. With the deal, the social video platform, which is used regularly by more than 170 million Americans...
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vor 267 Tagen
Oracle Shares Down On Q3 Earnings Miss, Mixed Q4 View; Sees Long-term Growth
Shares of Oracle Corp. declined around 3 percent in the extended trading on Monday on the NYSE after a 4 percent drop in the regular trading, and is currently down around 2 percent in pre-market activity, after the tech major's third-quarter earnings missed the market estimates despite an year-over-year growth on continued demand for AI.
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vor 550 Tagen
Oracle Shares Hit As Q2 Misses Estimates, Sees Q3 Below View
Shares of Oracle Corp. declined around 8 percent in the after-hours trading on Monday, and is currently down around 9 percent in the pre-market activity on the NYSE after the tech major's second-quarter earnings missed the market estimates, and also issued third-quarter outlook below the Street view. However, the quarterly profit and revenues increased from last year on continued demand for AI.
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vor 641 Tagen
Oracle To Invest More Than $6.5 Bln In Malaysia For AI And Cloud Services
Oracle Corp. announced plans to invest more than $6.5 billion to open a public cloud region in Malaysia, with a view to meeting rapidly growing demand for its artificial intelligence or AI and cloud services in the country. The upcoming cloud region would extend Oracle Cloud Infrastructure or OCI's footprint in Asia Pacific to 12 public cloud regions.
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vor 710 Tagen
Oracle Stock Up On Q1 Profit Above Street, Deals With Amazon, Google
Shares of Oracle Corp. gained around 9 percent in the after-hours trading on Monday after the tech major reported higher first-quarter earnings above market estimates, and a dividend. The company also announced partnerships with Amazon Web Services, Inc., Google Cloud, and certain other global organizations for Oracle Database.
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vor 732 Tagen
Oracle Stock Up On Deals With OpenAI, Microsoft, Google Amid Strong AI Demand
Oracle Corp. shares gained over 9 percent in the extended trading on Tuesday on the NYSE after the tech major announced artificial intelligence or AI cloud infrastructure partnerships with Microsoft, ChatGPT maker OpenAI, and Alphabet's Google Cloud. While announcing fourth-quarter results, the company also said it expects continued strong AI demand throughout fiscal year 2025 to push Oracle sales
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vor 822 Tagen
Google, Microsoft, Oracle, Amazon Awarded $9 Bln Worth Pentagon Cloud Deal
The Pentagon announced that up to $9 billion worth of cloud-computing contracts were awarded to Google, Oracle, Amazon, and Microsoft. In a statement, the U.S. Department of Defense said, "The purpose of this contract is to provide the Department of Defense with enterprise-wide, globally available cloud services across all security domains and classification levels..."
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vor 1374 Tagen
