Tech: Oracle upholds its capital expenditure forecast and reports growth in its cloud services, resulting in a 7% increase in its share price.
🚀 Oracle keeps its capex forecast steady at $90-95B for fiscal 2027, despite a huge leap to $28.5B in Q1. With a remarkable 121% growth in cloud revenue, shares jumped 7%! Co-CEO emphasizes smart financing in AI spending. 📈 #Oracle #CloudGrowth #TechNews
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