Dec 11 (Reuters) - Oracle shares slumped nearly 11% in premarket trading on Thursday after downbeat forecasts and higher capex.
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Dec 9 (Reuters) - Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts.
Google will heavily discount cloud computing services for the United States government, in a deal that could be finalised within weeks.
Oracle CEO Safra Catz on Monday gave a strong growth outlook for its fiscal 2026 and 2027, indicating that the skyrocketing demand.
The acting chief of the U.S. Securities and Exchange Commission (SEC) said on Monday he has directed staff to look at ways to abandon a plan.
Oracle's shares tumbled more than 9% on Tuesday after its quarterly revenue fell short of Wall Street expectations
Oracle has suffered a data breach, called it the Oracle breach potentially exposing sensitive employee information, raising concerns.
Oracle's infrastructure stocks soared nearly 10% in after-hours trading following the announcement of a new strategic partnership with AWS.
Oracle, player in the U.S. cloud infrastructure market, is ramping up its efforts in generative AI as it competes in a crowded field.
Oracle is leveraging generative AI to finance operations as generative AI can automate tasks like report generation and data summarization.