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Oracle’s Q1 2024 results reveal slower cloud sales, Musk AI deal
Oracle’s figures for the first quarter 2024 saw slow cloud sales growth stifling enthusiasm, but further optimism for increased AI demand.
Oracle Q4 cloud wins “doing better” than SAP, AWS, Ellison claims
Oracle has announced its fourth quarter financial results, with rising demand for its cloud offerings said to be driven by AI technology investment and what Oracle chair and CTO Larry Ellison claims are “dramatically lower costs" compared to other vendors.