Company Overview - Capital Limited is an integrated services provider to exploration and mining companies in Africa, the Middle East, and North America [3] - The company operates through three principal divisions: drilling, earthmoving, and mining services [3] - The drilling division operates a fleet of 135 rigs, the largest in Africa and the Middle East, providing services from exploration drilling to underground grade control and blast hole drilling [3] Recent Developments - The company is currently active at the Reko Diq site in Pakistan through its earthmoving business, which specializes in niche earthmoving services [3] - A general meeting was held to consider the approval of resolutions related to the issuance of the second tranche of shares under a recently announced placing [1][2]

The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing s... ...

By Amanda Cooper LONDON, Dec 11 (Reuters) - The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it. A growing debt pile, at just ​over $100 billion, means Oracle has become a bellwether for sentiment towards AI as concern about a bubble in the sector grows with surging tech shares. Trading in ‌Oracle credit default swaps (CDS), which has explod ...

Core Insights - Oracle reported strong second-quarter fiscal 2026 results with non-GAAP earnings of $2.26 per share, exceeding estimates by 38.65% and showing a 54% year-over-year increase in USD [1] - Revenue growth was driven by a 14% increase year-over-year to $16.1 billion, primarily from cloud infrastructure, which is becoming a preferred choice for AI workloads [2] Revenue Breakdown - Revenues from the Americas rose 17.2% year-over-year to $10.47 billion, making up 65.2% of total revenues [3] - Europe/Middle East/Africa revenues increased 11.2% to $3.76 billion, contributing 23.4% of total revenues, while Asia Pacific revenues grew 4.9% to $1.83 billion, representing 11.4% of total revenues [3] Cloud Performance - Cloud Infrastructure revenues surged 68% in USD to $4.1 billion, with GPU-related revenues growing 177% [4] - Total cloud revenues (SaaS plus IaaS) increased 34% in USD to $8 billion, now accounting for 50% of Oracle's overall revenue [7] Software and Services - Software revenues declined 3% to $5.9 billion, with software license revenues down 21% to $939 million, reflecting a shift to cloud solutions [8] - Services revenues increased 7% to $1.43 billion, with Oracle operating 147 live customer-facing regions and planning 64 more [9][10] Financial Metrics - Non-GAAP total operating expenses rose 17% to $9.3 billion, while non-GAAP operating income increased 10% to $6.7 billion, resulting in a 42% operating margin [12] - As of November 30, 2025, Oracle had cash and cash equivalents of $19.2 billion, with operating cash flow of approximately $0.8 billion [13] Future Guidance - For Q3 fiscal 2026, Oracle expects total cloud revenue growth of 37% to 41% in constant currency and 40% to 44% in USD [18] - Full-year fiscal 2026 revenue is projected at $67 billion, with an additional $4 billion expected in fiscal 2027 due to new commitments [19]

and some of the moves that you're making are representative of the tension that I'm referring to. It's we know what the equal weight and we know what the Russell are doing, but we also know what Oracle's doing. Um, and we said going in and some on the street said that this was an exceptionally consequential earnings report given uh the name, given the questions, given the timing, given everything else.You sold it at the open. >> Yep. >> Tell me more.Well, I told you the last time I was on that I would take ...

Core Viewpoint - The earnings report from Oracle is seen as highly consequential, raising questions about spending and revenue commitments, particularly in relation to OpenAI [1][2][3] Financial Performance - Oracle's revenue missed expectations, and capital expenditures (capex) are significantly high, leading to concerns about financial health [4][9] - The company has a backlog that is increasing, but there are doubts about future revenue generation [4][9] Market Sentiment - There is a notable shift in sentiment regarding Oracle's proximity to OpenAI, which was once viewed positively but is now causing investor anxiety [5][24] - The stock has experienced a significant decline, with discussions around credit default swaps indicating market concerns [11][16] Investment Considerations - Analysts are divided on Oracle's future, with some suggesting that the stock is still a viable investment at current levels, while others express caution [10][12][13] - The potential for OpenAI's IPO and its implications for Oracle's stock price are critical factors for investors [19][23] Strategic Outlook - Oracle's cloud infrastructure has shown growth of over 50% year-over-year, indicating a strong underlying business despite current challenges [11] - The company is in an execution phase, and its ability to manage liabilities and increase revenue will be crucial moving forward [15][20]

as disappointing revenue and those higher spending fears revive over whether or not these AI investments are justified. Our Sema Mod's been watching that uh shares are off of the session lows at least, but she has more in today's tech check. Hey, Sema.>> It's clear that the market is growing impatient with Oracle's inability to articulate the precise amount of debt it will need to take on to fund its data center expansion. On the call last night, Oracle executives did say its debt would be substantially les ...

as disappointing revenue and those higher spending fears revive over whether or not these AI investments are justified. Our Sema Mod's been watching that uh shares are off of the session lows at least, but she has more in today's tech check. Hey, Sema.>> It's clear that the market is growing impatient with Oracle's inability to articulate the precise amount of debt it will need to take on to fund its data center expansion. On the call last night, Oracle executives did say its debt would be substantially les ...

My opinion on Oracle Corporation ( ORCL ) as a company has not changed much over the past five years since I first outlined my bullish investment thesis back in late 2020. Without getting into too much detail, the company was andVladimir Dimitrov, CFA is a former strategy consultant within the field of brand and intangible assets valuation. During his career in the City of London he has been working with some of the largest global brands within the technology, telecom and banking sectors. He graduated from ...

Oracle (NYSE: ORCL) crashed as much as 14% on Thursday morning after the legacy technology company raised its guidance for AI spending, even as revenue fell short of expectations in its fiscal Q2. The... ...