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Oracle’s Cloud revenue soars 52% YoY, but misses analyst expectations, triggers market jitters

Oracle reported $2.4 billion in Q2 cloud infrastructure revenue, a 52% YoY surge. Despite impressive growth, total cloud sales fell short of analysts’ $6 billion forecast, leading to an 8% drop in share value. CEO Safra Catz highlighted Oracle’s edge in AI workloads and multi-cloud flexibility, projecting $25 billion in cloud revenue for FY2025. Capital expenditures reached $3.97 billion, signaling aggressive cloud expansion.

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