Oracle reported 30% top-line growth for the quarter ending August 31, slightly exceeding its June projection. The company's stock rose 4.4% in after-hours trading. Oracle benefited from customers paying up-front for computing rental deals, bringing in $11.4 billion in prepayments, which helped finance data center construction while limiting its own capital expenditure to $5 billion.
Related Articles
Don't miss out on breaking stories and in-depth articles.