AMD, Oracle and Deals
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There are absolutely investors who are concerned about margins, or concerned Oracle's targets are very aggressive
While Oracle generated roughly $900 million in revenue from the rental of servers powered by Nvidia Corp. chips during the three months ended in August, the company only managed about $125 million in gross profit,
TMTPOST -- Oracle Corporation shares tumbled as much as 7.1% on Tuesday after a report raised new concerns over profitability of artificial intelligence (AI) computing, the software giant’s highly anticipated business driving its stock surged more than 70% to the date this year.
The UK Government's Home Office has signed a new cloud computing contract with Oracle valued at almost £54 million ($72m). As first reported by Public Technology, the contract will start in November 2025 and run for five years.
Oracle Corp. shares fell nearly 7% after a report revealed lower-than-expected profit margins in its cloud computing segment. Despite generating $900 million in revenue, gross profit was only $125 million.
Oracle Corp on Thursday said it won deals with McDonald's Corp , Albertsons Companies Inc and Humana Inc to move some of their work to Oracle's cloud computing services.
Oracle Corp. on Monday promoted Clay Magouyrk and Mike Sicilia to become co-chief executive officers, signaling the company’s focus on its rapidly expanding cloud computing business.
The 50-plus-date tour on taking advantage of enterprise cloud computing follows CEO Ellison's mockery of the concept Oracle has officially put both legs on the cloud-computing bandwagon, recently launching a roughly 50-date global road show on the topic ...
In a keynote speech at Oracle OpenWorld Tuesday Thomas Kurian, executive vice president of software product development, made a pitch for Oracle's integrated hardware and software stack as a way to circumvent the problems that cloud computing can cause.