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Oracle Poised to Overtake Google Cloud as Top Cloud Vendor Amid Strong Earnings and Growth

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Source: Cloud Wars
Oracle Poised to Overtake Google Cloud as Top Cloud Vendor Amid Strong Earnings and Growth
Photo: Cloud Wars
TL;DR

Oracle is poised to overtake Google Cloud as the world's fastest-growing major cloud vendor, driven by strong Q4 earnings, a 63% surge in RPO to $130 billion, and increasing customer demand for its OCI services, especially in AI training. The upcoming earnings report is expected to show cloud revenue growth of around 29%, which could push Oracle to the top of the Cloud Wars growth chart, at least until Q2 results from Google Cloud are announced.

Topics:businesstechnology#ai-infrastructure#cloud-growth#google-cloud#oracle#rpo#technology
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  1. Oracle Will Leapfrog Google Cloud as World’s #1 Hottest Cloud Vendor  Cloud Wars
  2. Oracle shares climb 8% as earnings, revenue top estimates  CNBC
  3. Oracle Shares Jump as CEO Targets ‘Dramatically Higher’ Revenue Growth  WSJ
  4. Here's How Much Traders Expect Oracle Stock to Move After Earnings  Investopedia
  5. Oracle Projects Strong Annual Cloud Growth, Boosting Momentum  Bloomberg

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