Oracle: AI Beneficiary Set to Take Off with Massive AI Orders
The funding situation is also improving for major client OpenAI
Gross margin is at 32%, above the forecast of 30%
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Oracle (ORCL, i) confirms with its Q3 results that the AI story is completely intact. A seamlessly integrated complete package is being offered to combine private data with various AI models and execute AI for process automation in secure environments. The demand for AI training and inference continues to exceed supply, with remaining performance obligations quadrupling to over $553 billion. In Oracle Cloud Infrastructure (OCI), revenue growth accelerates from 68% to 84%. There is also global coverage for multi-cloud databases, thanks to expanded...
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