Oracle Surges on Strong Earnings as AI Cloud Demand Drives Revenue Growth
Oracle's first-quarter results beat expectations with cloud infrastructure revenue more than doubling, signaling the company's strong position amid soaring global demand for AI-powered cloud services.
Read the full story → · Latest coverage 12 Sept 2026, 5:28 am UTC
Key moments · 7
Oracle's earnings beat expectations as cloud revenue more than doubles
CNBC International ↗AI demand tempers cash burn fears for Oracle
World News CNA ↗Oracle maintains capex forecast amid cloud growth
Business Insider ↗Oracle expands layoffs plan by $700 million
Bloomberg Technology ↗Larry Ellison to sell up to $7.5bn worth of Oracle stock
Financial Times ↗Ellison adopts trading plan to sell up to 50 million shares
CNBC Technology ↗Oracle to spend more on job cuts as workforce shrinks
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