Oracle

Oracle Anticipates $104 Billion Revenue in 2029 Amid Cloud Expansion

4 months ago

Oracle, a renowned leader in software, predicts that its revenue will reach approximately $104 billion in fiscal 2029. This optimistic forecast is driven by significant expansion in cloud technologies, indicating serious changes in the company's business model. Oracle's president, Safra Catz, emphasized at a recent investor meeting that the key growth factor will be the cloud segment, which continues to gain popularity among clients.

Oracle Surpasses Profit Expectations Amid Cloud Expansion

4 months ago

Oracle Corporation has released its financial results for the last quarter, and according to the report, their profit exceeded analyst expectations. The main driver of success was significant growth in their cloud business, which continues to gain popularity among enterprises. In light of this growth, the company's stock rose on the stock market.