Oracle stock earnings

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Oracle stock earnings

Here's how the company did, compared with consensus estimates from LSEG, formerly known as Refinitiv:. The Musk company wanted considerably more AI chips than Oracle could supply, Oracle co-founder Larry Ellison said on a conference call with analysts. Nvidia's graphics processing units have been in short supply across the board, and the chipmaker has been working to address the shortage. The company had to choose between building something small and recognizing revenue in the quarter, or going ahead with a larger buildout and waiting for capacity to become available, she said. During the quarter, Oracle said it had picked up cloud business from larger rival Microsoft and announced that its database software will be available on Microsoft's Azure public cloud. The company will turn on 20 data centers connected with Azure in the next few months, Oracle co-founder Larry Ellison said in the statement. Also in the quarter, Oracle's NetSuite division bought Australian company Next Technik, which makes field service software, for undisclosed terms. Skip Navigation. Investing Club. Key Points. Oracle's revenue came up short in three operating segments. The stock tumbled in after-hours trading. In this article. Larry Ellison, co-founder and executive chairman of Oracle Corp.

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Here's how the company did, compared with consensus estimates from LSEG, formerly known as Refinitiv:. The Musk company wanted considerably more AI chips than Oracle could supply, Oracle co-founder Larry Ellison said on a conference call with analysts. Nvidia's graphics processing units have been in short supply across the board, and the chipmaker has been working to address the shortage. The company had to choose between building something small and recognizing revenue in the quarter, or going ahead with a larger buildout and waiting for capacity to become available, she said. During the quarter, Oracle said it had picked up cloud business from larger rival Microsoft and announced that its database software will be available on Microsoft's Azure public cloud. The company will turn on 20 data centers connected with Azure in the next few months, Oracle co-founder Larry Ellison said in the statement.

Oracle stock earnings

Despite macro uncertainty, the company is witnessing unprecedented demand for its cloud services, especially its artificial intelligence AI services, which are expected to support Fiscal Q1 revenues and boost earnings. The company highlighted during the Fiscal Q4 conference call that its cloud data centers have a high-bandwidth and low-latency Remote Direct Memory Access RDMA network, which is best suited for building the large-scale graphics processing unit GPU clusters used to train generative large-language models. Thus, its Gen2 Cloud has emerged as the top choice for AI development companies to train their large language models, providing significant growth opportunities for Oracle. In a note to investors dated September 6, Panigrahi said that he expects the company to deliver strong Q1 FY24 results, led by its cloud business. Oracle is expected to benefit from solid AI-led demand and its focus on adding capacity through new cloud regions.

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Due to inactivity, you will be signed out in approximately:. Skip Navigation. This is an estimated date of earnings release. The company had to choose between building something small and recognizing revenue in the quarter, or going ahead with a larger buildout and waiting for capacity to become available, she said. Top Smart Score Stocks Popular. Unemployment Rate. Gold New. Jun 13, Sep 12, You can see a list of the companies which are reporting today on TipRanks earnings calendar. The company will turn on 20 data centers connected with Azure in the next few months, Oracle co-founder Larry Ellison said in the statement. Dec 09, Economic Indicators Center. How good is it?

The last reported earnings were for reported on March 11, for Q3. My Account My Account. Benzinga Research.

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