Oracle Raises Restructuring Estimate to About $2.8 Billion
Oracle added about $700 million to its estimated restructuring plan as AI-cloud demand drove record backlog, heavy capital spending and negative free cash flow.
Oracle
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Oracle’s AI Boom Brings Record Cloud Growth, Heavier Cash Burden
Oracle’s cloud growth and $664 billion backlog surged, but $28.5 billion in capital spending drove negative free cash flow and a $20 billion stock sale.
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Santa Clara proposal calls for 584 homes at Network Circle site
A Valley Oak Partners proposal would bring 584 homes to Network Circle, including 120 affordable apartments, 416 townhomes and 48 single-family homes.
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Wisconsin regulators defend data-center financial safeguards as Oracle court fight advances
The Wisconsin Public Service Commission is defending financial and credit requirements for very large electricity users as Oracle challenges rules tied to its proposed Port Washington-area data-center campus.
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Pentagon Signs $3.31 Billion Oracle Deal, With $6.99B Ceiling
The Department of War awarded Oracle a five-year, $3.311 billion software contract with an unexercised option that could raise its ceiling to $6.99 billion.