Oracle pops 27% on cloud growth projections

9 pointsposted 5 months ago
by ivape

1 Comments

Ianjit

5 months ago

ORCL is guiding to $114bn in OCI revenue for FY29 (YE May), that is more than AWS delivered in 2024.

ORCL's FY29 revenue guide for OCI is basically the same as OpenAI's revenue target (as reported by the information) for the same period!