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Oracle (NYSE:$ORCL) reports Q4 earnings with revenue of $14.3B, missing estimates, and EPS of $1.63, below the expected $1.65. The focus is on cloud growth and AI partnerships, including extending the Azure AI platform to Oracle Cloud Infrastructure with Microsoft and OpenAI.
$ORCL CEO: "OpenAI selected Oracle to run deep learning and AI workloads on Oracle Cloud infrastructure...In total, we signed over 30 AI contracts for over $12 billion this quarter and nearly $17 billion this year.
OpenAI Chooses Oracle Cloud Infrastructure to Expand Microsoft Azure AI Platform #AI #artificialintelligence #CloudServices #llm #machinelearning #Microsoft #OpenAI #Oracle https://t.co/IkYz6Pgwlx https://t.co/lPhWlGj7H6
$ORCL | Oracle Says Throughout Fiscal Year 2025 Expects Continued Strong AI Demand To Push Oracle Sales And RPO Even Higher - Says Oracle Signed Over 30 AI Sales Contracts Totaling More Than $12.5 Billion in Q4 2/2