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Cryptopolitan

Oracle posted 34% cloud growth to $7.98 billion and 68% infrastructure growth to $4.08 billion

Oracle reported a cloud revenue result that landed below expectations, leaving investors uneasy about how long its massive AI booking wave will take to turn into steady cash. Fiscal second-quarter cloud sales climbed 34 percent to $7.98 billion, but the figure missed analyst forecasts. The slower payoff timing now sits at the center of market [...]

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