Oracle shares jump on Google and OpenAI deals despite earnings miss

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Oracle has been investing in generative artificial intelligence software enhancements and bringing its database to more Microsoft data centers.

shares moved 9% higher in extended trading on Tuesday after the company announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations.statement

The cloud services and license support segment generated $10.23 billion in revenue, up 9% and slightly below the StreetAccount consensus of $10.29 billion.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 569. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines