Oracle’s stock rises as Wall Street’s AI profitability concerns are put to rest
1. Oracle targets $225 billion revenue and $21 EPS by fiscal 2030. 2. Cloud infrastructure gross margins projected at 30% to 40%; reassures investors. 3. Expected $166 billion in cloud revenue by fiscal 2030, growing at 75% annually. 4. Oracle's multi-cloud database business grew over 1500% year-over-year. 5. Seven new customer contracts diversify Oracle's revenue sources beyond OpenAI.