Oracle beats quarterly estimates as demand for its cloud services rises
Tue, Sep 10, 2024 11:10 AM

Oracle beats quarterly estimates as demand for its cloud services rises

A Flip by Shubhangi Gupta
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Oracle beat estimates for quarterly results and forecast second-quarter revenue growth above estimates on Monday, boosted by growing demand for its cloud offerings, sending its shares up over 9% in trading after the bell. The Texas-based company's push into the cloud computing market is showing promising results and it has started narrowing the gap with market leaders Microsoft and AWS.

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