Oracle reports sustained growth in both Q4 and full year results thanks to high AI demand

Cloud revenue for the vendor soared 20 per cent driven by the demand for training AI large language models on the Oracle Cloud Infrastructure

Andrea Gaini
clock • 2 min read
Oracle reports sustained growth in both Q4 and full year results thanks to high AI demand

Oracle has reported  three per cent growth in Q4 year-over-year, pushing revenues to $14.3bn. The results also showed cloud revenue (IaaS and SaaS) soaring 20 per cent to $5.3bn, fuelled by a 42...

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