San Francisco, California – Oracle don burst like bottle of champagne after dem report am market performance for Q2. Even though dem miss dem earnings and revenue target, stock still jam 30% spike on Wednesday. How e take happen? Cloud contract wey dey rain plenty money for dem side!
Oracle share revenue rise 12% to $13.3 billion wey don land for August 31 quarter. But net income still dey dry like old stock fish, coman be flat at $2.93 billion, or $1.01 per share. Na wetin dem dey call ‘no growth slump’ (nobody like that one wuna!)
But here be the hot gist: Oracle don collect some fat contracts, with remaining performance obligations shooting up to $455 billion – na 359% increase from last year! E be like say dem dey chop well well for this cloud business (and no be only ordinary jollof rice we dey talk).
Some of di big boys for tech space like OpenAI don join Oracle for data center capacity matter. Dem gree work together to build 4.5 gigawatts worth of data centers for USA! Na wa o, tech giants dey wear big shoes these days oh!
Wait, e get more! CEO Safra Catz, she talk say dem sign four multibillion-dollar contracts with three different customers. If this one no sweet your belle, make I ask wetin go sweet!
Even rival sabi AI models, Gemini, go dey run on Oracle cloud, make dem no forget say competition dey for corner! But as Oracle dey shine, e don dey carry plenty weight for their market cap. Dem don reach $800 billion now, abeg who wan chop from their table?
Last month, Oracle shares crush record as dem jump 45% in 2025! See as S&P 500 dey only manage 11%. Dis one na serious gbege for stock market! If dem fit continue like this, e go be like dem wan set record wey no been seen since dot-com era.
Larry Ellison, di co-founder, wey sabi tech as dem sabi food, don dey talk say dem wan launch Oracle AI Database service soon. Dis one go allow OpenAI and other gurus run their models on top Oracle data. Chai! Technology na serious matter these days, if you no follow, you fit dey miss out!
For fiscal second quarter, Oracle dey expect adjusted earnings of $1.61 to $1.65 per share as dem dey plan 14% to 16% revenue growth. Analysts dey predict $1.62 per share, but make we dey watch as e dey unfold.
Dem budget around $35 billion for capital expenditures as dem dey rise up for sky! Dis one mean say dem dey ready to play big ball with di top players for cloud space.
Na only time go tell if Oracle go fit keep dis hot trend as dem dey battle with tech giants, but for now, dem fit enjoy di palm wine vibes as dem dey roll!
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