Oracle stock is soaring today despite an earnings miss and recent layoffs. Its CEO thanks a ‘who’s who of AI’
Oracle Corp. started September by making headlines for layoffs. Then, on Tuesday, September 9, it reported first-quarter financial results that missed the mark for revenue and earnings. Most Read from Fast Company Yet, you wouldn’t guess any of this based on how its stock has rallied. The software company’s shares (NYSE:ORCL) rose over 32% through after-hours and into premarket trading on Wednesday. The boost comes down to Oracle’s revenue projections rather than the lackluster results for fiscal year ...