Tag: deflects spending
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Oracle rises as AI-fueled backlog growth deflects spending worries
Sept 11 : Oracle’s shares gained 3 per cent in early trading on Friday after a $26 billion jump in revenue backlog eased some concerns around its massive debt-driven spending spree, but analysts said the company’s cash flow recovery is still a long way off.Roughly half of the $664 billion in its back
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Oracle climbs as AI-fueled backlog growth deflects spending worries
Sept 11 : Oracle shares rose 6 per cent before the bell on Friday after it reported a $26 billion jump in first-quarter revenue backlog, proving its massive debt-driven spending spree on data centers was powering strong growth in its cloud business.The company said that roughly half of the $664 billion in its
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