Oracle Says Throughout Fiscal Year 2025 Expects Continued Strong AI Demand To Push Oracle Sales And RPO Even Higher
Portfolio Pulse from Benzinga Newsdesk
Oracle has announced that it expects continued strong demand for AI throughout fiscal year 2025, which is anticipated to drive Oracle's sales and remaining performance obligations (RPO) even higher.
June 11, 2024 | 8:08 pm
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Oracle expects strong AI demand to drive higher sales and RPO throughout fiscal year 2025, indicating potential revenue growth.
Oracle's projection of strong AI demand suggests a positive outlook for its sales and RPO, which are key indicators of revenue growth. This is likely to have a positive impact on Oracle's stock price in the short term.
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