- Oracle on Thursday said it will invest more than $1 billion over the next 10 years in artificial intelligence and cloud computing in Spain, as it looks to meet increasing demand for its services in the country.
This will be Oracle's third cloud region in Madrid and the company will partner with Telefonica España for the project. The first cloud region was opened in 2022. Oracle last week forecast fiscal 2025 revenue to grow in double digits, above analysts' estimates, indicating strong demand for its AI-powered cloud services.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Domain Domain Latest News, Domain Domain Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oracle Reports Strong Bookings, Signaling Further Cloud MomentumOracle Corp. reported better-than-expected bookings, suggesting continued momentum for the company’s effort to compete in cloud computing against its larger tech rivals. The shares jumped about 9% in extended trading.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Oracle's cloud installs can grow off of new partnershipsDespite missing fiscal fourth-quarter earnings estimates, Oracle (ORCL) shares are moving higher after Tuesday's market close. The cloud computing company...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Oracle shares set for record high on AI-fuelled cloud growthOracle Corp. reported better-than-expected bookings and announced partnership deals with tech rivals, giving a boost to Chairman Larry Ellison’s effort to redefine the software maker as a major competitor in the business of cloud computing.
Source: BNNBloomberg - 🏆 83. / 50 Read more »