Oracle Expects Each Successive Quarter to Grow Faster Than the Previous Quarter in FY25; Says Oracle Signed Over 30 AI Sales Contracts Totaling More Than $12.5 Billion in Q4
Portfolio Pulse from Benzinga Newsdesk
Oracle anticipates accelerated growth in each successive quarter of FY25 and has signed over 30 AI sales contracts worth more than $12.5 billion in Q4.
June 11, 2024 | 8:09 pm
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Oracle expects accelerated growth in each successive quarter of FY25 and has signed over 30 AI sales contracts worth more than $12.5 billion in Q4.
The announcement of accelerated growth expectations and significant AI sales contracts is likely to positively impact Oracle's stock price in the short term. Investors will view the growth forecast and substantial AI deals as strong indicators of future revenue and profitability.
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