Once considered the after-ran of the cloud computing industry behind the big three players in the industry, Oracle (NYSE: ORCL) showed with its fiscal first-quarter results that it, too, is benefiting from the boom in artificial intelligence (AI) spending.
Let's take a close look at the company's most recent results and how it is benefiting from AI.
Oracle's overall fiscal Q1 revenue rose 7% to $13.3 billion, but it was the 21% jump in cloud service revenue to $5.6 billion that got […]
Oracle Stock Jumps as Cloud Revenue Climbs. Is It Too Late to Buy the Stock?
Are banks saving money as they migrate to the cloud? What you need to know
Banks have been announcing their gradual migrations to the cloud for several years, but the question about cost benefits lingers — that is, whether banks have saved substantial amounts by moving to the cloud or whether they have had to adjust their expectations and focus on less tangible benefits.
A 2023 report from Forrester about the state of cloud in financial services found the most important factor for the global financial services employees it surveyed in adopting public […]
Are banks saving money as they migrate to the cloud? What you need to know