ORCL jumps 11% premarket as profits challenge fears of a ‘SaaS apocalypse’
Shares of Oracle ( ORCL ) jumped 11% in premarket trading Wednesday after the company reported better-than-expected results and fended off fears of a looming “SaaS apocalypse,” easing investor concerns about both AI disruption and its recent debt increase. Revenue climbed 18% to $17.19 billion, beating analysts’ $16.92 billion, according to the Wall Street Journal. […]
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