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Oracle expects half a trillion dollars in booked cloud orders, stock rises 27%

Oracle said on Tuesday it expects booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion ...
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Oracle’s cloud backlog jumped 359% to $455 billion after four massive contracts

Oracle’s stock shot up 27% today after the company reported a ridiculous 359% increase in cloud backlog, reaching $455 billion. That surge happened even though Oracle missed on earnings. Investors ...