Tech: Oracle keeps its capital expenditure forecast steady while reporting cloud growth, resulting in a 7% increase in its share price.
🚀 Oracle is sticking to its fiscal 2027 capex forecast of $90-95B, despite the surge in AI spending! With a remarkable 121% growth in cloud revenue, shares jumped 7% post-earnings. Co-CEO highlights innovative financing models to balance investment and profitability. 💼📈 #Oracle #CloudComputing
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