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Oracle Corp. started September by making headlines for layoffs. Then, on Tuesday, September 9, it reported first-quarter financial results that missed the mark for revenue and earnings. Most Read from Fast Company Yet, you wouldn’t guess any of this based on how its stock has rallied. The software company’s shares (NYSE:ORCL) rose over 32% through after-hours and into premarket trading on Wednesday. The boost comes down to Oracle’s revenue projections rather than the lackluster results for fiscal year ...

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US stocks eyed fresh all-time highs on Wednesday as Oracle's (ORCL) blowout revenue forecast lifted AI hopes. Meanwhile, wholesale inflation unexpectedly declined last month, bolstering the case for the Federal Reserve to cut rates next week. Futures on the S&P 500 (ES=F) climbed 0.5%, while those on the Nasdaq 100 (NQ=F) also rose 0.6%, on the heels of record closing highs. Contracts on the Dow Jones Industrial Average (YM=F), which includes fewer tech stocks, hovered above the flatline. Oracle stunned ...

Kevin Green, senior markets correspondent right away to help set up the action today. All right, so we continue to have those gains happening, especially in the NASDAQ, but also the S&P 500 hitting a record, but it was not all systems go because small caps were actually left out yesterday. So tell us about how you view the makeup of how we're seeing markets now.Well, if you're just looking at it mathematically, Diane, I mean, the sectors that you really want to see outperform are doing their job. Communicat ...

: Larry Ellison, the co-founder and largest shareholder of Oracle Corporation, is on the verge of overtaking Tesla CEO Elon Musk as the world’s richest person today after Oracle’s stock surged in premarket trading on Wednesday. Oracle Stock Surges Over 32% on Ambitious AI Cloud Revenue ForecastThe software giant’s stock rose more than 32% in premarket trading after the firm revealed its ambitious forecast that its AI-driven cloud revenue could reach $144 billion by fiscal year 2030, a huge jump from its cu ...

Oracle Corporation ORCL reported weaker-than-expected first-quarter results on Tuesday.Oracle reported quarterly earnings of $1.47 per share, which missed the analyst consensus estimate of $1.48. Quarterly revenue came in at $14.92 billion, which missed the Street estimate of $15.03 billion and is up from revenue of $13.3 billion from the same period last year. CEO Catz teased significant revenue growth in the quarters ahead."MultiCloud database revenue from Amazon, Google and Microsoft grew at the incredib ...

Oracle Corporation ORCL reported weaker-than-expected first-quarter results on Tuesday.Oracle reported quarterly earnings of $1.47 per share, which missed the analyst consensus estimate of $1.48. Quarterly revenue came in at $14.92 billion, which missed the Street estimate of $15.03 billion and is up from revenue of $13.3 billion from the same period last year. CEO Catz teased significant revenue growth in the quarters ahead."MultiCloud database revenue from Amazon, Google and Microsoft grew at the incredib ...

The USD is little changed vs the major currencies with the EUR, JPY, GBP , CHF and CAD all within 0.10% of the unchanged level to start the US session. The AUD is the biggest mover with a 0.30% gain vs the USD and the NZD is higher by 0.19%. The markets are stymied by the fear of increased war tension (and its implications) with Israel's bombing Hamas senior officials in Qatar (not warmly received by the international community), and Russia's provocation with Poland that led to Poland shooting down Russian ...

Synopsys, Inc. SNPS posted weaker-than-expected results for its third quarter after Tuesday’s closing bell.Synopsys reported adjusted earnings of $3.39 per share, which missed the Street estimate of $3.74. Quarterly revenue came in at $1.73 billion, which missed the consensus estimate of $1.76 billion and is up from revenue of $1.52 billion for the third quarter of fiscal year 2024.“Q3 was a transformational quarter. Against a challenging geo-political backdrop, we closed the Ansys acquisition – expanding o ...