All articles tagged with #multi cloud strategy
The article debunks misconceptions about AWS's October 20 outage, emphasizing that it was caused by a DNS race condition, not AI or security flaws, and criticizes simplistic multi-cloud solutions, highlighting the complexity and resilience of AWS's infrastructure while noting that outages, though rare, have widespread impacts.
Oracle reported strong quarterly results with an 11% revenue increase to $15.9 billion, driven by a 27% rise in cloud revenue and a 52% surge in Oracle Cloud Infrastructure. The company's strategic multi-cloud approach and record-high backlog of contracts signal sustained growth, despite significant investments in infrastructure. While risks exist, Oracle's financial strength and long-term growth prospects make it a compelling, though potentially overvalued, investment opportunity. The stock has a Moderate Buy consensus with a slight downside target, suggesting a wait for a pullback before buying.