Oracle expects double-digit revenue growth

By Reuters

Jun 13, 2024 12:14 am

ORACLE on Tuesday forecast revenue for fiscal 2025 to grow in double digits, above analysts' estimates, indicating strong demand for its artificial intelligence (AI)-powered cloud services, sending the company's shares up 9 percent after the bell.

The company also announced a partnership with ChatGPT-maker OpenAI and Google Cloud to extend its own cloud infrastructure to customers.

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