Oracle Posts Strong Cloud Sales Growth, Amazon Rises, Goeasy Drops
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Oracle (ORCL) posted quarterly cloud revenue that was better than expected and projected strong sales in the upcoming fiscal year, a sign the company is making good on its massive AI bookings. Revenue in Oracle’s closely watched infrastructure business gained 84% to $4.9 billion in the period ended Feb. 28, the company said Tuesday in a statement. That marked a faster increase than the 79% anticipated by analysts and a 68% sales rise in the previous quarter. The shares increased about 7% in…
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