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Oracle reports strong cloud growth despite missing revenue targets, fueled by AI demand.
Oracle reported a 6% rise in third-quarter revenue to $14.1 billion but missed analysts' expectations.
Cloud revenue surged 23% to $6.2 billion, with infrastructure revenue up 49% due to high demand for AI projects.
The company is investing in data centers and expects to double its capacity this year.
Oracle's CEO projects 15-20% revenue growth over the next fiscal years, with strong AI and cloud demand driving future success.
Despite missing earnings targets, Oracle's cloud business growth has fueled optimism, especially around its Stargate AI project.
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Oracle reporta un fuerte crecimiento de la nube a pesar de faltar objetivos de ingresos, impulsados por la demanda de IA.