The Latest Breaking News from Oracle

Earnings Preview: What To Expect From Oracle’s Report

Oracle is set to report Q1 earnings, with analysts expecting double-digit year-over-year EPS growth.

Barchart · Jul 27

Bond Markets Are Rethinking Big Tech’s $1 Trillion+ a Year for AI

Big Tech’s defining financial advantage, an abundant cash flow, is colliding with the physical demands of generative AI. Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), Meta Platforms, Inc. (NASDAQ:META) and Oracle Corp. (NYSE:ORCL) continue to post strong revenue growth and operating cash flow – yet, their forward free cash flow is…

Benzinga · Jul 27

Consumer Tech (July 20-24): AI Boom Drives Big Tech Earnings, Oracle Grabs $7B Defense Deal & More

The Indian government has directed GitHub to remove Jack Dorsey‘s Bitchat repositories amid the ongoing student protests in Delhi.

Benzinga · Jul 26

Oracle Cut 21,000 Jobs to Fund AI: Now Its Biggest Project Faces a $7 Billion Obstacle

Oracle's ambitious AI infrastructure expansion faces financial and regulatory hurdles, exacerbated by its recent credit downgrade to just above junk bond status.

International Business Times UK · Jul 24

Uber's AI Push Triggers Second Round of Layoffs in Just Two Months: Who's Affected This Time?

Uber has announced a 10% reduction in its customer service workforce as it restructures operations to integrate artificial intelligence, marking its second major layoff in two months.

International Business Times UK · Jul 24

Chris Wood warns of massive capital destruction in US as China challenges AI boom

Jefferies strategist Chris Wood warns that the AI infrastructure boom could trigger massive capital destruction as cheaper Chinese open-source models challenge US dominance. With hyperscalers set to spend nearly $1.6 trillion over two years, investors are increasingly questioning whether returns will justify the unprecedented capex and rising debt.

The Economic Times · Jul 24

Uber cuts 10% of customer service staff in favor of AI

Second time in two months that ride share giant has laid off staff

The Independent UK · Jul 23

Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffs

Uber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligence. The move reflects a broader Silicon Valley trend as Big Tech firms including Amazon, Microsoft, Oracle and Meta restructure teams, automate work and accelerate AI adoption across operations.

The Economic Times · Jul 23

Oracle Financial Services shares jump 5% on strong Q1 results; PAT soars 121%, revenue up 69%

Oracle Financial Services Software shares rose 5% on Thursday. The company reported a 121% year-on-year net income increase. Revenue from operations also saw a substantial 69% jump. New agreements with major global financial institutions were highlighted. Management attributed success to AI-first strategy and product modernization.

The Economic Times · Jul 23

Data Center Costs Are Racking Up. What That Means for Oracle Stock Here.

Oracle might have to pay $7 billion in data center costs. Analysts are reacting by hitting the pause button.

Barchart · Jul 22