Oracle reported a decline in fourth-quarter profit and revenue Tuesday, but the company's lower net profit met analyst expectations. The world's No. 2 software company posted a net income of $655.9 ...
Oracle on Tuesday said third-quarter net income rose 18 percent to US$2.5 billion, while revenues grew 3 percent to $9 billion. However, hardware systems revenues sagged 16 percent to $869 million.
Oracle Corporation’s recent stock surge is largely driven by a narrative around its AI and cloud pivot rather than underlying fundamentals. While revenue in its cloud segment has grown impressively, ...
Oracle co-founder and Chief Technology Officer Larry Ellison’s net worth surged on Wall Street’s positive reaction to the software giant’s fourth-quarter earnings results. Forbes, which tracks the ...
Larry Ellison's net worth has increased by more than $75 billion this year, largely due to Oracle ramping up its position in the artificial intelligence market. The company signed deals with companies ...