Oracle — one of the world’s largest enterprise software and cloud computing companies — is reportedly planning to lay off up to 30,000 employees, which would amount to nearly 19% of its global workforce.

Larry Ellison, now Oracle's CTO, has played a major role in helping the company win AI cloud deals and pivot beyond legacy software Oracle projects that its Oracle Cloud Infrastructure business will reach $144 billion in revenue by the end of the decade.

SAN MATEO, Calif.--(BUSINESS WIRE)--Hammerspace, the standards-based data platform that simplifies AI infrastructure and an Oracle partner, today announced its solution is available on the Oracle Cloud Marketplace and can be deployed on Oracle Cloud ...

Oracle is confirmed as a Buy, despite a post-earnings sell-off and near-term volatility. ORCL's cloud segment surged 34% YoY, now its primary growth engine, while legacy software declined 3%. Massive AI infrastructure investments pressure margins and free ...

In April 2009, Oracle Corp. made what at the time looked like a bad deal. Or at least that was the conventional wisdom. It announced that it was buying Sun Microsystems Inc. for $7.4 billion, or $5.6 billion net of Sun’s cash and debt. TL/DR, the ...

Oracle plans to raise up to $50 billion in 2026 to expand cloud capacity, balancing equity and debt as investors scrutinise its AI-driven spending.

Oracle is generating significant revenue by renting out Nvidia GPU-powered servers, but its cloud computing business reports a gross margin far below market expectations. According to Bloomberg and CNBC, citing The Information, internal documents reveal ...

Oracle's (NYSE:ORCL) internal documents showed that the fast-growing cloud business has thin gross profit margins in the past year or so, lower than what many equity analysts have forecast, The Information reported. This could raise questions about if the ...

Oracle expects its cloud infrastructure business to create $166 billion in revenue by fiscal year 2030, accounting for nearly three-quarters of its total sales, the company says. Reuters reported that the forecast was shared by Chief Executive Officer Clay ...

Business Reply, the Reply company specialized in the implementation of enterprise solutions based on Oracle technologies, supported Pusterla 1880 — an international leader in the luxury packaging sector — in a digital transformation project aimed at ...