Oracle Misses Earnings But Cloud Growth Soars on AI Demand
Oracle reported mixed third-quarter results, falling short of Wall Street expectations despite strong growth in its cloud infrastructure segment driven by rising demand for artificial intelligence (AI) computing power. Revenue rose 6% year-over-year to $14.13 billion but missed the estimated $14.39 billion. Adjusted earnings per share were $1.47, below the projected $1.49. The company’s cloud … Read more