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Oracle cloud revenue up 54 percent in fourth quarter

By Staff Writer

Jun 13 2023 12:03PM

Demand growth from companies deploying AI.

Oracle cloud revenue up 54 percent in fourth quarter

Oracle topped fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by growing demand for its cloud offerings from companies deploying AI. Oracle's push into the cloud computing market has started to bear fruit, helped by its acquisition of electronic medical records ...

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