The additional spend covers redundancy packages and other exit costs as increasingly powerful AI models allow the company to cut software jobs.

Oracle's latest results clearly suggest that its investments in AI infrastructure are paying off.

Analysts also report on CarMax, Steel Dynamics, Synchrony Financial, and Rivian Automotive.

April 6, 2026, move the court to be appointed lead plaintiff. The law firm behind the case is urging affected shareholders to ...

Discover how Oracle's earnings report could influence its full-year 2026 guidance and long-term growth strategy. Read more here.

On Tuesday, Oracle Corporation said its rapidly expanding AI data center business is already profitable, though heavy ...

Oracle's backlog was the centerpiece of the results. CEO Safra Catz revealed that the company's remaining performance obligation (RPO) -- a backlog of future sales -- rose to $553 billion, surging 325 ...

Oracle surpassed estimates for the quarter, and lifted its guidance for fiscal 2027 revenue. During the quarter, Oracle announced plans to raise $45 billion to $50 billion in the fiscal year to expand ...

Oracle loses executives health division as several senior leaders depart its health records unit following the Cerner acquisition.

Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash crunch from a massive AI data center ...

Oracle bought 15% of TikTok's U.S. operations in January after China's ByteDance was forced by U.S. law to divest.

March 5 (Reuters) - Enterprise software company Oracle is planning thousands of job cuts as it faces a cash crunch from a ...