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Oracle reported quarterly figures with revenue of $14.1 billion, missing expectations. The company raised its dividend by 25%, and its remaining performance obligations (RPO) increased 63% year-over-year to $130 billion. Despite mixed financial results, Oracle anticipates significant future growth, driven by new contracts with major tech firms. The company is expanding its AI capabilities and data center capacity, reflecting optimism about increased demand for AI training and multicloud services.
Cloud agreements with major tech companies drive future revenue growth expectations.
Oracle reports significant GPU consumption growth for AI training in last 12 months.
Oracle signs multi-billion dollar contract with AMD for AI infrastructure.
Oracle's significant engagement with top AI firms like OpenAI and Nvidia highlights its strategic positioning in the AI landscape. As Oracle enhances its data center capacity and grows RPO, it signals strong future revenue potential, particularly in multicloud AI services.
The growth in GPU consumption for AI training indicates a booming market for AI applications. Oracle's development of large AI clusters positions it to meet increasing demand, especially as customer migration to Oracle Cloud accelerates.
This figure reflects future revenue the company expects from existing contracts.
Oracle is building large AI clusters to enhance its capabilities in offering AI services.
Oracle's partnership with AMD includes a multi-billion dollar contract for building an AI cluster.
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Oracle's growth in AI services is partly driven by collaborations with Nvidia.
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