Tag: oracle’s
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Oracle’s $18 billion data center debt under pressure, FT reports
Sept 18 : About $18 billion in loans tied to an Oracle-leased data center in New Mexico has come under pressure, with loans quoted at 89 to 91 cents on the dollar by syndicate banks including Santander and Jefferies, the Financial Times reported on Friday. The development comes amid concerns that growing loc
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Oracle’s quarterly revenue beats estimates as AI boom drives cloud demand
Sept 10 : Oracle topped Wall Street expectations for first-quarter revenue on Thursday and lifted its annual profit forecast, boosted by strong demand for its cloud computing services from surging enterprise spending on AI. Shares of the company, which have fallen more than 20 per cent this year, rose nearly
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Oracle’s AI spending for 2026 exceeds forecast, raising worries over growing debt
June 10 : Oracle’s capital spending for 2026 exceeded its projection and the cloud computing company said on Wednesday it would raise more debt in 2027, reflecting the staggering scale of cash burn needed to buildout its AI infrastructure.Its shares fell 5 per cent in extended trading, after Oracle said it ex
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