Oracle Drops on Disappointing Cloud Sales

Oracle Corp. reported a jump in spending on artificial intelligence data centers and other equipment. Fiscal second-quarter cloud sales increased 34% to $7.98 billion, while revenue in the company’s closely watched infrastructure business gained 68% to $4.08 billion. Both numbers fell just short of analysts’ estimates. Bloomberg Intelligence's Matthew Bloxham breaks down the numbers.
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Видео Oracle Drops on Disappointing Cloud Sales канала Bloomberg Technology