Oracle sees total revenue growing to $225 billion in fiscal 2030 Adjusted profit seen at $21 per share in 2030 vs $18.92 LSEG estimate Expects adjusted gross margins of 30-40% in AI cloud computing ...

(Reuters) -Oracle said on Thursday it expects cloud infrastructure revenue to grow to $166 billion in fiscal 2030, which would make up nearly 75% of its total sales by then. Chief Executive Officer ...

Oracle’s new dual chief executives defended the company’s massive new investment in data centers, saying it will offer computing firepower and a suite of bundled services that will make artificial ...

DUBAI (Reuters) -Chinese e-commerce giant Alibaba's cloud business unit has launched its second data centre in Dubai, it said on Tuesday, nine years after its first, as it expands its global cloud ...

Hackers claim to have stolen Oracle E-Business Suite data, demanding ransom from executives Campaign linked to FIN11 and possibly Cl0p, using hundreds of compromised email accounts No proof of data ...

(RTTNews) - Oracle Corp. (ORCL) is seeking to borrow $15 billion from the US investment-grade bond market, according to Bloomberg News. The software giant plans to sell debt in up to seven parts, ...

Oracle has created an infrastructure business whereby it rents access to Nvidia's GPUs through a cloud-based system. This model is attractive for businesses that have trouble procuring GPUs but demand ...

(Reuters) -Oracle is aiming to raise $18 billion in debt, a regulatory filing showed on Wednesday, as the company looks to invest heavily in building out cloud infrastructure to cater to burgeoning AI ...