Oracle beats quarterly profit expectations on AI-driven cloud demand

Oracle beat estimates for quarterly profit on Monday, as demand rose for its cloud-computing services on the back of a boom in generative AI. Shares of Oracle jumped 9.8% to $125.31 in extended trading. The 46-year-old database giant has been trying to reinvent itself as a cloud-computing provider…#oracle #amazoncom #gen2ai #safracatz
Source: Reuters: Health - Category: Consumer Health News Source Type: news