Oracle (ORCL)
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worth a watch-Ellison explaining the F1 AI race. And you have to hand it to him-still working all hours and driven at 81 years young coupled with being the wealthiest man on the planet
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yes it is. Having signed +300B ish new contracts. And the CFO said:
we expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year—and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years."
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further comments...Oracle $ORCL CEO Safra Catz: "Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars."
If this was the Daily Mail it would also say 'Catz made $108,282,333 in total compensation last year.
-all Oracle numbers are big! -
Oracle is on the move again(up) based on rumours it will run the US operations of Tik-Tok. According to DT (Trump) 'a deal has been done'. The parties to said deal have yet to comment.