Oracle's Cloud Growth Offers Glimmer of Hope Amidst Debt and Delays Oracle's latest earnings report has sparked a 4% increase in its stock price after beating expectations on cloud infrastructure revenue, which more than doubled to $7.
4 billion. The company's efforts to become a major player in the artificial intelligence boom are starting to bear fruit, with $11. 61 billion in cloud revenue for the quarter topping analyst consensus.
However, this growth comes at a cost: Oracle's debt now sits at $125 billion, and negative free cash flow came in at $5. 4 billion.