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Oracle beats on earnings and revenue, adds $20 billion to planned capital raise
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- Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year.
- Here's how the company did in comparison with LSEG consensus:
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Oracle reported better-than-expected earnings and revenue for the fiscal fourth quarter on Wednesday while also raising its profit forecast for the year. The stock dropped 5% in extended trading as the company plans to raise more money to finance its AI buildout.
Here's how the company did in comparison with LSEG consensus:
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