Oracle Corporation $ORCL has experienced a significant surge in its business, attributed to the rising demand for cloud computing fueled by advancements in artificial intelligence (AI). The company reported an $80 billion increase in its Remaining Performance Obligations (RPO), marking a 29% year-over-year growth, surpassing Wall Street expectations. This growth is largely driven by the robust demand for cloud services, as AI continues to be a critical factor in cloud expansion across Oracle's business sectors. Furthermore, Oracle's strategic partnerships and the introduction of generative AI features across its corporate software lineup are intensifying competition with major tech firms, including Microsoft. These developments have led to Oracle posting its biggest stock market gain since 2021, with Larry Ellison, the company's founder, becoming $15 billion richer, elevating his net worth to $146 billion and making him the 5th wealthiest person globally, according to Forbes. Oracle has also expanded its partnership with Microsoft, extending the Oracle Database@Azure to 15 regions worldwide to meet rising customer demand.
.@Oracle Has “Crossed Over” – Cloud Becomes Top Revenue Driver https://t.co/hPvglREjYk @CXToday “What Oracle is providing their customers with is the capacity to build what is needed as opposed to building what Oracle built.” - @lzkmiller @constellationr
Oracle boosts gen AI support in its Fusion Cloud suite https://t.co/QRhoBaL210
Oracle Takes on Microsoft with New AI Features, and Other Technology News Today https://t.co/J10HRc9xnZ
$ORCL $MSFT | Oracle Expands Partnership With Microsoft - Oracle Database@Azure Set To Sizzle In 15 Regions Worldwide Oracle teams up with Microsoft to extend Oracle Database@Azure to 15 regions globally, meeting rising customer demand. Oracle introduces Oracle Cloud EPM for… https://t.co/TwIXzlqHo8
Oracle said it is adding generative artificial intelligence features across its corporate software lineup, intensifying competition with Microsoft and other technology firms to sell the technology to businesses customers https://t.co/s5SEBi7eEi
Oracle said it is adding generative artificial intelligence features across its corporate software lineup, intensifying competition with Microsoft and other technology firms to sell the technology to businesses customers. More here: https://t.co/y50qiRRy0O
Oracle adds generative AI features to finance, supply chain software https://t.co/piXFZ0QD1j https://t.co/EUtrQX4J3U
⚠️ ORACLE ADDS GENERATIVE AI FEATURES TO FINANCE, SUPPLY CHAIN SOFTWARE Full Story → https://t.co/SWFEqXeKWT Oracle on Thursday said it is adding generative artificial intelligence features across its corporate software lineup, intensifying competition with Microsoft and… https://t.co/oSh9cQPWk5
Oracle AI buzz means Larry Ellison's worth $15B more today https://t.co/LtKVBDD6FL
On our latest podcast: @EdLudlow breaks down Oracle posting its biggest gain in two years amid a spike in bookings in its cloud computing business. Plus, Bitcoin continues its record-breaking run as $2.7 billion flowed into crypto assets last week https://t.co/miblf0Iag4
Oracle Posts Biggest Gain Since 2021 on Cloud Revenue Growth https://t.co/Uhwth2fKHX
New cloud deals and demand for generative AI drive strong growth for @Oracle https://t.co/gLbydjwijd @SiliconANGLE @Mike_Wheatley “It definitely wasn’t cheap but that gamble is paying off,” Mueller said. “As the third- or fourth-ranked cloud vendor, it needs to…” - @holgermu
Larry Ellison's net worth increased by $15 Billion today as Oracle $ORCL had its best day in over 2 years and closed at a new All Time High - CNBC Ellison is now worth $146 Billion making him the 5th wealthiest person in the world according to Forbes https://t.co/DULav1S9z4
Larry Ellison is $15 billion richer after Oracle's best day on stock market since 2021 https://t.co/ODfcQcFvyu
Oracle's Profits Soar Amid AI Demand Surge and Strategic Partnerships #AI #Amazoncom #artificialintelligence #CEO #Cloudcomputing #competitivepricing #earningscall #Economics #Gen2AIinfrastructure #GenerativeAI #innovation #llm #machinelearning https://t.co/8LEoOJQV0l https://t.co/yQ1mQsW0Cm
Legacy player and data-driven Oracle $ORCL isn't your grandpa's Oldsmobile tech stock. A.I. fuels demand for their cloud computing. Solid earnings... why isn't this in the #MagnificentSeven (or Four)? @PeteNajarian @MXLESQ discuss on Rebel's Edge 🏴☠️ 1pm #Oracle #AI… https://t.co/HoTsYpGbVy
"The most important number in our view for the Street and cloud sector is $80 billion of RPO (grew 29% [year-over-year]) that blew away Street expectations on the shoulders of robust cloud demand as AI demand is driving cloud growth across its business" $ORCL