- Oracle (ORCL) delivered quarterly cloud computing revenue that exceeded Wall Street’s expectations, though the company’s gross margins narrowed. Sales in the cloud infrastructure business jumped to $7.4 billion, above analysts’ estimates of $7.19 billion on average, and the company added 850 megawatts of data center capacity in the quarter. Oracle reported $28.5 billion in capital expenditures and booked more than $30 billion of additional AI cloud contracts during the quarter, raising its remaining performance obligations to $664 billion. Shares of Oracle surged in trading earlier in the day today, before giving back some of those gains.
- Microsoft (MSFT) plans to more than triple its data center capacity to help overcome a computing shortage that has forced it to turn away some AI and cloud business. The company's data center capacity will have more than 38 gigawatts of capacity in 2032, up from about 12 gigawatts now, according to people familiar with the plans. A shortage of computing power has been the company's biggest impediment, prompting some customers to take new business elsewhere and frustrating Microsoft salespeople eager to sell cloud and artificial intelligence services. Shares of Microsoft rallied in trading on Friday.
- Adobe (ADBE) gave an outlook for sales that narrowly missed analysts’ estimates when it released earnings on Thursday, adding fuel to concerns that artificial intelligence upstarts are hurting the software maker’s business. Shares of Adobe fell in extended trading after earnings and have been mixed today.
Podden och tillhörande omslagsbild på den här sidan tillhör
iHeartPodcasts. Innehållet i podden är skapat av iHeartPodcasts och inte av,
eller tillsammans med, Poddtoppen.
