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Oracle Dominates Cloud Market with Strong Q4 Earnings and AI Race Catch-Up

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Source: Acceleration Economy
Oracle Dominates Cloud Market with Strong Q4 Earnings and AI Race Catch-Up
Photo: Acceleration Economy
TL;DR Summary

Oracle's cloud business grew at an astonishing rate of 54% in Q4, with overall cloud revenue reaching $4.4 billion and cloud-infrastructure revenue up 76% to $1.4 billion. This growth rate is almost twice as fast as the second-hottest vendor, Google Cloud, and more than twice as fast as all other major cloud vendors. Despite economic uncertainty and tighter budgets, Oracle's cloud business is booming and finding ways to overcome objections that are bringing its competitors' growth numbers gradually downward.

Topics:business#business#cloud-computing#competition#growth#oracle#revenue
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  1. Oracle Crushes Q4 and Remains World's Hottest Major Cloud Provider  Acceleration Economy
  2. Oracle's Earnings Convinced the Stock's Biggest Bear to Throw in the Towel  Barron's
  3. Oracle 'multiple years late' in A.I. race despite post-earnings surge, says Jefferies' Brent Thill  CNBC Television
  4. Oracle beats on top and bottom lines as cloud revenue jumps  CNBC
  5. AMD, Nvidia, C3.ai, and Other AI Stocks Lose Steam After Oracle's Earnings  Barron's

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