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flag Oracle reported strong cloud growth despite missing revenue targets, with a major deal from OpenAI.

flag Despite missing revenue targets, Oracle reported a 12% revenue increase to $14.93 billion and a flat net income of $2.93 billion. flag The company is heavily investing in AI and cloud infrastructure, with a reported $2.9 billion cash burn in the last quarter and planned $25 billion in capital expenditures for the next fiscal year. flag Oracle's stock rose 27% after announcing a 359% jump in cloud business backlog to $455 billion, largely due to a $30 billion deal with OpenAI.

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