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Home›Earnings›Results›Oracle posts 30% revenue growth driven by AI cloud dem…

Oracle posts 30% revenue growth driven by AI cloud demand

Oracle said its cloud infrastructure revenue rose 121% year over year, reflecting stronger demand for AI cloud services.

Reported · Written up by our desk · Results

Oracle reported 30% revenue growth, with the company pointing to demand for AI-related cloud services, according to CNBC Earnings.

The outlet said Oracle's cloud infrastructure revenue climbed 121% from a year earlier, highlighting the strength of its AI cloud offering.

CNBC Earnings also reported that Oracle’s total debts reached $125 billion, as the company continues to scale its cloud business.

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Sources

CNBC EarningsOracle posts 30% revenue growth fueled by AI cloud demand as debts hits $125 billion

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