Oracle's Cloud Revenue Surges, Shares Up 6.5% After Strong Sales Report

By
Lars Johansson
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

Oracle's recent financial results have shown a significant surge in cloud revenue, surpassing Wall Street estimates and leading to a 6.5% increase in the company's shares. The quarter ending in February saw a 25% increase in cloud revenue to $5.1 billion, indicating the stabilization of its cloud computing business. Of the total revenue, $1.8 billion came from renting out computing power and storage over the internet, while $3.3 billion was from applications.

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