Oracle beats estimates
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Oracle executives say the company's cloud computing business is growing like gangbusters, but some partners told CRN this week that they don't think Oracle's cloud sales figures tell the real story. The numbers, taken at face value, are impressive.
The cloud-computing company, which is using AI internally to replace some of its own employees, raised its sales outlook for 2027.
Oracle on Tuesday (March 10) predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8.3% in extended trading. Ram Nabong reports.