Larry Ellison pointed to a doubling in the amount of money that artificial-intelligence development companies have agreed to spend on Oracle cloud services
The company announced new database hardware and artificial-intelligence software features during the quarter.
shares moved about 5% lower in extended trading on Monday after the database software maker disclosed fiscal first-quarter revenue that was slightly lighter than expected.$1.19 per share, adjusted, vs. $1.15 per share as expected by analysts, according to LSEG.Get San Diego local news, weather forecasts, sports and lifestyle stories to your inbox.
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