What Oracle (ORCL)'s Bold AI Cloud Strategy and 2030 Targets Mean for Shareholders
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Oracle hosted its Financial Analyst Day and AI World event, unveiling ambitious revenue and profit targets for fiscal 2030 focused on AI-driven cloud infrastructure growth and announcing partnerships with Meta, AMD, and IBM, alongside an expanded suite of AI-powered enterprise products and services. While the company emphasized extensive AI infrastructure deals and showcased growth in its remaining performance obligations well above US$500 billion, the updates also brought to light investor...
📄 Summary
Oracle hosted its Financial Analyst Day and AI World event, unveiling ambitious revenue and profit targets for fiscal 2030 focused on AI-driven cloud infrastructure growth and announcing partnerships with Meta, AMD, and IBM, alongside an expanded suite of AI-powered enterprise products and services. While the company emphasized extensive AI infrastructure deals and showcased growth in its remaining performance obligations well above US$500 billion, the updates also brought to light investor...