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Oracle’s cloud backlog jumped 359% to $455 billion after four massive contracts

Oracle’s stock shot up 27% today after the company reported a ridiculous 359% increase in cloud backlog, reaching $455 billion. That surge happened even though Oracle missed on earnings. Investors ...
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Oracle’s stock surged on billions in new cloud contracts. Can it fund its AI promise?

Since Oracle Corp. stunned investors last month with its massive artificial-intelligence pipeline, shares of the company have pulled back from their peak as questions emerge about how the company will ...
CNET

California cancels Oracle contract

The state of California has officially canceled a sprawling six-year deal that united scores of its contracts with software maker Oracle under one mega-contract, state officials said Tuesday. "We are ...
U.S. News & World Report

Moody's Flags Risk in Oracle's $300 Billion of Recently Signed AI Contracts

WASHINGTON (Reuters) -U.S. credit rating agency Moody's Ratings flagged several potential risks in Oracle Corp's $300 billion of recently signed artificial intelligence contracts, but stopped short of ...