University Michigan Expectations Final Actual 45.8 (Forecast 45.7, Previous 45.8)
University Michigan Expectations Final Actual 45.8 (Forecast 45.7, Previous 45.8)
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Oracle posts record Q1 revenue, lifts cloud growth
Oracle reported record first-quarter revenue of $19.3 billion, up 30% year over year, with cloud infrastructure revenue up 121% to $7.4 billion. The company also completed a $20 billion equity issuance and guided Q2 revenue growth of 30% to 34%.