Oracle cloud sales more than double, beating estimates on AI demand

Oracle Cloud Sales More Than Double, Topping Estimates on AI

Oracle's quarterly cloud revenue hit $6.4B, more than doubling YoY and beating the $6B estimate. CEO Safra Catz attributed the jump to GPU demand for AI model training. The company raised its full-year guidance and shares rose ~5% after hours. The post doesn't break out IaaS vs SaaS contributions or clarify whether GPU supply constraints have eased.