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Oracle to spend $700 million more on restructuring costs as it ramps up AI spending
Sept 11 : Oracle said restructuring costs, part of a plan that includes job cuts, will rise about $700 million as the cloud company seeks to rein in costs while spending billions to capitalize on booming demand for artificial intelligence services.In a regulatory filing on Friday, Oracle said the increase, di
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cryptobriefing.com
Oracle revises FY 2027 revenue expectations to at least $90B
Oracle raised its fiscal year 2027 revenue guidance to $90 billion, driven by surging AI cloud demand, but $90-95 billion in planned capex is
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businessinsider.com
Oracle maintains its capex forecast and reports cloud growth, sending shares up 7%
Many major cloud companies have continued raising their AI spending forecasts as they race to build more data centers and expand AI capacity.
