Rohit Sharma’s off-side masterclass, complemented by Ryan Rickelton’s on-side dominance, helped the Mumbai Indians end a 14-year wait and begin their Indian Premier League campaign with a commanding six-wicket win over Kolkata Knight Riders at the Wankhede Stadium on Sunday (March 29
Foreign investors are pulling money out of Indian equities at an unprecedented pace, as a global risk-off sentiment and rising energy costs cloud the country’s growth outlook, according to a report by Bloomberg. Overseas investors have sold a net $11
Microsoft is taking over a data centre construction project in Texas after OpenAI declined to pursue it, in a move that will make the two companies neighbours at one of the nation’s largest complexes for running artificial intelligence. Data centre developer Crusoe said Friday it is working with
Global oil prices jumped and stocks fell sharply on Monday morning in Asia after the US-Israel war entered its fifth week. The price of Brent crude rose by more than 3% to above $115 (£86.77) a barrel, while US-traded oil climbed to $103 after gaining around 3.5%
Shaheen Afridi’s awkward reply to Ramiz Raja after PSL ball controversy goes viral. Watch what happened in the final over drama. A viral post-match video from Pakistan Super League 2026 has put Shaheen Afridi under intense scrutiny after a ball-tampering controversy cost Lahore Qalandars a
Sensex opened at 72,565, down over 1,000 points or 1.38 per cent, while Nifty started Monday’s session at 22,549, slipping 267 points or around 1 per cent. Mumbai: Domestic benchmark indices opened sharply lower on Monday, declining over 1 per cent each amid escalating tensions in West Asia
Police arrested Muhammad Roshan in Perinthalmanna for attempting to extort Rs 15 crore. Roshan allegedly threatened to circulate defamatory images of IUML state president Sayyid Sadikkali Shihab Thangal online. He also issued death threats if the matter was reported
According to Satheesan, the UDF should be able to win 100 plus seats. When the Congress wins this election in Kerala, the party will emerge as the largest political force in South India, he says. Five-time Congress MLA is a prominent United Democratic Front (UDF) face in Kerala
Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%
Oracle, whose shares have risen over 107% so far this year, forecast OCI revenue growth of 77% to $18 billion this fiscal year, and on to $144 billion over the subsequent four years.
"Enterprises are clearly eager for cost-effective AI cloud tools, and Oracle is positioning itself to capture that demand," said eMarketer analyst Jacob Bourne.
Oracle offers integrated cloud technologies along with flexible deployment models, enabling it to meet a range of customer demands.
"We made it very easy for our customers to directly connect all their databases ... to the world's most advanced AI reasoning models - ChatGPT, Gemini, Grok, all of which are uniquely available in the Oracle Cloud," Catz said on a post-earnings call.
Even though it is a smaller player, "both current and forecast numbers show that Oracle's investment in infrastructure is continuing to pay off as large organizations look to Oracle Cloud to support their AI initiatives," said Rebecca Wettemann, CEO of industry" onclick="showFullScrImg(this)"/>
Oracle said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars, boosted by growing demand for its relatively low-cost cloud infrastructure services and sending its shares up 27% after the bell.
The company's remaining performance obligations, or RPO, the most popular measure of booked revenue, jumped 359% to $455 billion in the first quarter, ended August 31.
"Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars," said CEO Safra Catz.
Oracle, whose shares have risen over 107% so far this year, forecast OCI revenue growth of 77% to $18 billion this fiscal year, and on to $144 billion over the subsequent four years.
"Enterprises are clearly eager for cost-effective AI cloud tools, and Oracle is positioning itself to capture that demand," said eMarketer analyst Jacob Bourne.
Oracle offers integrated cloud technologies along with flexible deployment models, enabling it to meet a range of customer demands.
"We made it very easy for our customers to directly connect all their databases ... to the world's most advanced AI reasoning models - ChatGPT, Gemini, Grok, all of which are uniquely available in the Oracle Cloud," Catz said on a post-earnings call.
Even though it is a smaller player, "both current and forecast numbers show that Oracle's investment in infrastructure is continuing to pay off as large organizations look to Oracle Cloud to support their AI initiatives," said Rebecca Wettemann, CEO of industry analyst firm Valoir.
It has struck deals with Amazon, Alphabet and Microsoft for OCI to run inside their respective cloud infrastructure. Revenue from these clients grew 1,529% in the first quarter.
"We expect MultiCloud revenue to grow substantially every quarter for several years as we deliver another 37 datacenters to our three hyperscaler partners, for a total of 71," Chairman Larry Ellison said.
"By offering integrated solutions across various environments, Oracle is not just keeping up but actually leading the way in the cloud space. This could attract even more businesses looking for versatile cloud options," according to Melissa Otto, head of research at S&P Global's Visible Alpha.
Oracle also said it had signed four multi-billion-dollar contracts with three different customers in the first quarter, helping a 12% increase in revenue to $14.93 billion.
For the second quarter, Oracle expects total revenue to grow 12% to 14%, while it sees cloud revenue growth between 32% to 36%.
Source: EconomicTimes
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