Oracle Stock Rises on Cloud Revenue Outlook and Strategic Deals
Originally Published 2 months ago — by Barron's
Oracle clarified that its AI cloud server rental business has a 35% gross margin over the contract's lifetime, countering recent reports of a 14% margin, and raised its 2030 revenue forecast for Oracle Cloud Infrastructure from $144 billion to $166 billion, leading to a positive stock response despite some short-term fluctuations.