Topics

Posted 9/21/2023, 9:36:00 PM

Oracle Reaffirms $65B Revenue Goal for 2026, Signs $1.5B AI Deal

Oracle reiterates prediction to reach $65B revenue by May 2026
Oracle signs $1.5B AI contract with unnamed cloud provider
Article originally published Sept. 21, 2023 on Barron's website
Mentions Oracle's previous forecast for 2026 outlook
Notes contract is for artificial intelligence capabilities

barrons.com

Relevant topic timeline:

9/8/2023

Amazon and Meta Race to Lead $2 Trillion AI Market, Taking Different Approaches

The global AI market is projected to reach $2 trillion by 2030, with companies like Amazon and Meta Platforms making significant investments in AI to drive growth and diversify their offerings.

9/8/2023

Cramer: Oracle Earnings to Highlight Company's Strength in AI

Oracle's quarterly results are expected to highlight the company's still-under-the-radar artificial intelligence capabilities.

9/10/2023

Cathie Wood Bullish on AI Software Market; Salesforce and Trade Desk Look Promising

Cathie Wood's Ark Invest predicts that AI software revenue will reach $14 trillion by 2030, and believes that Salesforce and The Trade Desk are attractive investments due to their potential in the AI market and their current valuations.

9/11/2023

Oracle Earnings report to highlight AI capabilities amid stock surge

Oracle is set to release its earnings, and the focus will be on its success in the artificial intelligence sector.

9/11/2023

Oracle Earnings: Cloud Growth Expected Despite Macro Uncertainty

Despite macro uncertainty, Oracle is experiencing high demand for its cloud services, particularly its AI services, which are expected to drive revenue growth in Q1 FY24, according to analysts.

9/11/2023

Microsoft Beats on Earnings, Misses on Revenue in Q1 as Cloud Growth Continues

Oracle reported impressive Q1 earnings, with Non-GAAP EPS of $1.19, beating expectations, although revenue of $12.45B missed by $20M; cloud services revenue grew 30% to $4.6 billion and now accounts for 77% of Oracle's total revenue.

9/11/2023

Oracle Revenue Misses Expectations as Cloud Spending Slows

Oracle narrowly missed market expectations for first-quarter revenue due to reduced spending on cloud services, leading to a drop in shares, but the company's advancements in networking technology make it well-suited to capture AI workloads and potentially boost its cloud infrastructure business.

9/12/2023

Oracle Stock Slips on Weak Guidance Despite AI Potential

Oracle's stock is facing a decline, but now is a good time to invest in its AI potential.

9/22/2023

Oracle Invests Over $500M in ARM Chipmaker Ampere for Cloud Computing Advantage

Oracle Corp has prepaid $104.1 million for processor chips from startup Ampere Computing and invested $400 million in the company, aiming to give its cloud a competitive advantage over rivals.

10/16/2023

IDC Predicts Generative AI Spending to Surge to $143 Billion by 2027 with 73% Growth Rate, Accounting for Over a Quarter of Total AI Spending

Spending on generative AI solutions, which includes software, hardware, and IT/business services, is predicted to reach $143 billion by 2027, with enterprises investing nearly $16 billion in 2023 alone, according to a new report by International Data Corporation (IDC). This represents a compound annual growth rate of 73.3% over the 2023-2027 forecast period and demonstrates that generative AI is becoming a transformative technology with significant business impact.

Topics

Posted 9/21/2023, 9:36:00 PM

Oracle Reaffirms $65B Revenue Goal for 2026, Signs $1.5B AI Deal

Oracle reiterates prediction to reach $65B revenue by May 2026
Oracle signs $1.5B AI contract with unnamed cloud provider
Article originally published Sept. 21, 2023 on Barron's website
Mentions Oracle's previous forecast for 2026 outlook
Notes contract is for artificial intelligence capabilities

barrons.com

Relevant topic timeline:

9/8/2023

Amazon and Meta Race to Lead $2 Trillion AI Market, Taking Different Approaches

The global AI market is projected to reach $2 trillion by 2030, with companies like Amazon and Meta Platforms making significant investments in AI to drive growth and diversify their offerings.

9/8/2023

Cramer: Oracle Earnings to Highlight Company's Strength in AI

Oracle's quarterly results are expected to highlight the company's still-under-the-radar artificial intelligence capabilities.

9/10/2023

Cathie Wood Bullish on AI Software Market; Salesforce and Trade Desk Look Promising

9/11/2023

Oracle Earnings report to highlight AI capabilities amid stock surge

Oracle is set to release its earnings, and the focus will be on its success in the artificial intelligence sector.

9/11/2023

Oracle Earnings: Cloud Growth Expected Despite Macro Uncertainty

Despite macro uncertainty, Oracle is experiencing high demand for its cloud services, particularly its AI services, which are expected to drive revenue growth in Q1 FY24, according to analysts.

9/11/2023

Microsoft Beats on Earnings, Misses on Revenue in Q1 as Cloud Growth Continues

9/11/2023

Oracle Revenue Misses Expectations as Cloud Spending Slows

9/12/2023

Oracle Stock Slips on Weak Guidance Despite AI Potential

Oracle's stock is facing a decline, but now is a good time to invest in its AI potential.

9/22/2023

Oracle Invests Over $500M in ARM Chipmaker Ampere for Cloud Computing Advantage

Oracle Corp has prepaid $104.1 million for processor chips from startup Ampere Computing and invested $400 million in the company, aiming to give its cloud a competitive advantage over rivals.

10/16/2023

IDC Predicts Generative AI Spending to Surge to $143 Billion by 2027 with 73% Growth Rate, Accounting for Over a Quarter of Total AI Spending