Oracle's OCI segment grew 49% YoY to $1.8B in the latest quarter, contributing to total OCI revenue reaching $5.1B.
Oracle, a long-established software provider, has expanded its business through cloud infrastructure. Its OCI segment grew 49% year-over-year to $1.8B in the latest quarter, contributing to total OCI revenue reaching $5.1B. While overall revenue increased by 7% year-over-year, earnings per share rose 16%. Oracle's mature business model, focus on AI infrastructure, and partnership with Nvidia have helped it outpace industry average growth.
March 23, 2024
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