Oracle Co-CEO Clay Magouyrk Explains What's Holding Back The Company's Data Center Windfall: 'The Major Factor Limiting Even Stronger Profits Is…'

On Tuesday, Oracle Corporation said its rapidly expanding AI data center business is already profitable, though heavy construction and expansion costs are temporarily weighing on overall margins. AI Data Centers Already Generating Strong Margins During the company's fiscal third-quarter earnings call, Oracle Co-CEO Clay Magouyrk said the company's AI infrastructure is delivering healthy returns even as the tech giant aggressively builds new capacity. Magouyrk told analysts that Oracle expects gross margi ...