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Oracle Q4 profits exceed forecasts
Oracle announced profits and revenues that exceeded expectations in the fourth quarter of the fiscal year, with revenue increasing by 21% year-over-year to reach $19.18 billion, and net income rising to $4.22 billion. The company maintained its revenue forecast of $90 billion for fiscal year 2027 and raised its adjusted earnings per share guidance to $8.05. It also plans to raise $40 billion through a combination of debt and equity financing. Revenues from cloud computing services and core data services experienced significant growth, with AWS revenue soaring by 93%.
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