Oracle misses on earnings but touts data center growth from AI
1. Oracle's quarterly results missed analyst estimates on earnings and revenue. 2. Cloud services revenue increased by 10%, representing 78% of total sales. 3. Cloud infrastructure segment revenue rose 49%, indicating strong demand. 4. Oracle plans to double data center capacity this year amid record customer demand. 5. Dividend increased to $0.50 per share from $0.40, signaling confidence.