Finance: Oracle confirms its capital expenditure forecast and reports growth in cloud services, resulting in a 7% increase in its stock price.
🚀 Oracle is sticking to its $90B-$95B capital expenditure forecast for fiscal 2027, reporting a remarkable 121% growth in cloud revenue! 📈 Shares rose 7% post-earnings as they navigate AI spending and profitability. New financing models are on the table to support their ambitious data center plans! 💡 #Oracle #CloudComputing
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