Despite a miss on its Q3 earnings,
Oracle Corp (ORCL) continues to demonstrate steady progress in key areas, particularly in regards to cloud services.
AI growth and
cloud growth fueled the corporation’s financial results for the third quarter of the fiscal year 2025. Amidst the criticism, as some analysts point to overoptimistic projections, Oracle maintains a strong positioning regarding its
cloud contracts, promising future numbers boosted by a backlog of demand. Further underlining its commitment to
innovation and training, Oracle unveiled an AI Centre in Southeast Asia, with an ambitious project to educate half a million in AI and digital skills. Moreover, the corporation is directing efforts towards
Indonesia’s Batam Island, planning there a new cloud center. Oracle braved criticisms from many quarters, including Jim Cramer, who encouraged the corporation to continue pushing its technology forward. Despite a stumble on
Q3 earnings, Oracle's bookings and cloud strength paint an encouraging picture, helping Wall Street to overlook the choppy financial quarter. Strong AI cloud demand is predicted to drive
15% sales growth.
Oracle Corp ORCL News Analytics from Mon, 02 Dec 2024 08:00:00 GMT to Sat, 15 Mar 2025 20:44:38 GMT -
Rating 2
- Innovation 8
- Information 7
- Rumor 6
