Oracle Corporation, cloud revenue
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Oracle, AI and Debt
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The cloud giant's record quarter came with a reminder of just how expensive its artificial intelligence build-out has become.
Oracle spent $55.7 billion on data centres in a single year, beat its own guidance by $5.7 billion, and wants to raise another $40 billion
Wall Street’s expectations on earnings and revenue as it delivered its latest financial results, and raised its profit forecast for the next financial year. However, its stock was trading 9% lower after-hours after it revealed plans to raise even more debt to fund its ongoing artificial intelligence data center buildout.
The cloud infrastructure and AI provider delivered everything investors were expecting. They wanted more.
Oracle reported better-than-expected earnings and revenue for its fiscal fourth quarter.
Oracle PeopleSoft zero-day CVE-2026-35273 was exploited before Oracle's June 10 advisory, exposing data and triggering extortion attacks.
