Oracle reports fiscal fourth-quarter results after the close on Wednesday, June 10. Its backlog of signed contracts has swelled past $550 billion, driven by large AI deals. How fast that backlog grows ...

Oracle's (NYSE:ORCL) internal documents showed that the fast-growing cloud business has thin gross profit margins in the past year or so, lower than what many equity analysts have forecast, The ...

Oracle (ORCL) will report its fourth quarter earnings after the bell on Wednesday, amid recent AI trade fluctuations and as ...

Oracle reported its fourth quarter earnings after the bell on Wednesday, beating analysts' expectations on the top and bottom lines but missing on cloud revenue. Oracle also annou ...

CORRECTION & UPDATE—June 11, 2024: This article has been updated to correct Oracle’s net income for the fourth quarter of 2023 and reflect more recent analyst estimates and share price information.

Oracle said on ⁠Tuesday ⁠that details in a ⁠Business Insider report on the collapse of ​its discussions with Microsoft over a potential leasing deal ‌were inaccurate. The report had said ‌that ...

Oracle laid off 21,000 employees over the past year as AI adoption reshaped operations, even as the company ramps up cloud ...

Oracle could complete nearly 30,000 layoffs by mid-June 2026 as it expands AI and cloud infrastructure investments despite reporting strong revenue growth and rising demand for AI services.

Oracle is reportedly nearing completion of a workforce reduction programme that could result in almost 30,000 employees being laid off by mid-June 2026, despite continued growth in its cloud computing ...

Oracle is reportedly moving ahead with one of the largest workforce reductions in its history, with nearly 30,000 employees expected to leave the company by mid-June 2026. The reported layoffs come at ...