Oracle (ORCL) shares are rising after announcing cloud deals with Google (GOOG, GOOGL) and OpenAI, despite missing on fourth quarter earnings and revenue...
For more expert insight and the latest market action, clickVideo TranscriptBut the company did miss on earnings and revenue in the fourth quarter here.One of the huge things that was called out, especially during the quarter where they saw remaining performance obligation that RPO $98 billion up 18 billion from the third quarter and up 40% 44% year over year.
And so this is the cloud services, the data centers here and the way that they describe it is that human beings don't run this operating system in the database, autonomous software robots do Larry Ellison saying that on the earnings call and you actually got a sense of how they think about these data centers and how they think about language learning models.
And so, uh it's, it's really interesting how this company is thinking about generative A I right now and that infused into its own cloud infrastructure. And JP Morgan called it out in their notes saying that the guidance here aiming for acceleration to double digit growth here was enough here to satis by the street.
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