Oracle (ORCL) Cloud Revenue Jumps 121% and its Backlog Hits $664 Billion. Can it Actually Deliver?
Oracle Corporation (NYSE:ORCL) reported on September 10 that its revenue rose 30% in the fiscal first quarter, driven by a 121% jump in cloud infrastructure revenue. Cloud infrastructure is the business that rents computing power to AI companies. The company also said its remaining performance oblig
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Oracle Corporation (NYSE:ORCL) reported on September 10 that its revenue rose 30% in the fiscal first quarter, driven by a 121% jump in cloud infrastructure revenue. Cloud infrastructure is the business that rents computing power to AI companies. The company also said its remaining performance oblig
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This brief is filed under Oracle Cloud Infrastructure and OCI updates.
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