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Jun 10, 2026
· 1 min read
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Oracle beats fourth-quarter revenue estimates amid AI spending worries - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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Article Excerpt
Oracle reported fourth-quarter revenue that narrowly beat Wall Street expectations on Wednesday, amid growing concerns about its spending and AI-driven disruption to traditional software demand.
Shares of the company fell 2 per cent in extended trading, after it said it expects to raise nearly $40 billion through a combination of debt and equity financing in fiscal 2027.
Latest technology news on BNNBloomberg.ca
The company reported total revenue of $19.18 billion for the quarter, compared with analysts’ average estimate of $19.10 billion, according to data compiled by LSEG.
(Reporting by …
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