BREAKINGVIEWS-Oracle prudently leans into Bayesian reasoning

Oracle Corporation

Oracle Corporation

ORCL

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Pranav Kiran

TORONTO, June 15 (Reuters Breakingviews) - Silicon Valley trades on the idea that new evidence demands fresh thinking. With software straining under AI's threat, the $560 bln company is raising debt and equity to help it keep up in the data-center arms race. It may spook investors, but the alternative would be worse.

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CONTEXT NEWS

Oracle on June 10 reported $19.2 billion in revenue for the fourth quarter of its fiscal year ending on May 31, compared with the $19.1 billion anticipated by analysts, according to data compiled by LSEG.

The company said it expects to raise nearly $40 billion through a combination of debt and equity financing in its 2027 fiscal year. Its share price fell 8.5% on June 11.


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