The additional spend covers redundancy packages and other exit costs as increasingly powerful AI models allow the company to cut software jobs.

Oracle's latest results clearly suggest that its investments in AI infrastructure are paying off.

On Tuesday, Oracle Corporation said its rapidly expanding AI data center business is already profitable, though heavy ...

Discover how Oracle's earnings report could influence its full-year 2026 guidance and long-term growth strategy. Read more here.

Oracle's backlog was the centerpiece of the results. CEO Safra Catz revealed that the company's remaining performance obligation (RPO) -- a backlog of future sales -- rose to $553 billion, surging 325 ...

Oracle's earnings numbers in the third quarter were impressive, and the company boosted its guidance for next year.

Oracle surpassed estimates for the quarter, and lifted its guidance for fiscal 2027 revenue. During the quarter, Oracle announced plans to raise $45 billion to $50 billion in the fiscal year to expand ...

Shares of Oracle and chipmakers rose on Wednesday after a strong earnings report signaled AI demand remains healthy, but ...

Oracle loses executives health division as several senior leaders depart its health records unit following the Cerner acquisition.

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center ...

March 5 (Reuters) - Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a ...