Finance: Oracle upholds its capital expenditure forecast and reports growth in cloud services, resulting in a 7% increase in its share price.

Sep 11, 2026 - 00:05

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Finance: Oracle upholds its capital expenditure forecast and reports growth in cloud services, resulting in a 7% increase in its share price.

🚀 Oracle is sticking to its fiscal 2027 capex forecast of $90B-$95B, despite a massive $28.5B first-quarter spend. 📈 With a stellar 121% cloud growth, shares surged 7%! Co-CEO Clay Magouyrk emphasized innovative financing models amid AI investment pressures. Stay tuned! #Oracle #CloudComputing

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