Oracle on the Rise: Cloud and AI Boom as Price Drivers
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Oracle has successfully transitioned from a traditional software provider to a leading cloud provider. Oracle greatly benefits from the booming cloud infrastructure business (OCI), whose revenue rose by 62% in the last quarter, with projected growth of over 70% for 2026. The expected doubling of Remaining Performance Obligations (RPO) in fiscal year 2026 to over $275 billion signals a huge and long-term backlog. Oracle (NYSE: ORCL) is currently in a strong growth phase, fueled by impressive numbers in the cloud business and increasing...
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