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Oracle Corporation

Oracle Corporation (ORCL) (Q3FY24) – Unlocking potential by joining the race of Cloud & AI solutions

Oracle’s cloud business is seeing significant growth due to two key factors: strong performance in cloud services and license support, and the rapid expansion of their Gen2 Cloud Infrastructure (OCI) offering.
Adobe’s financial performance remains impressive, with strong revenue growth reported for Q1FY24. The company generated $5.18bn, marking an 11% Y/Y.
UiPath is not only growing internally but also operating within a booming industry. The company is a recognized leader in the Robotic Process Automation (RPA) and AI-driven automation market, which is experiencing significant growth.
Nutanix is showing strong financial progress. In Q2FY24, the company reported its first-ever GAAP operating profit of $37mn, a major turnaround from the $56.5mn loss in the same quarter of the previous fiscal year.
Okta, a technology company, has shown impressive financial performance in its latest quarter, with total revenue reaching $605mn, a healthy 19% increase from the previous year.
Workday’s financial performance for FY24 was impressive, continuing the trend of strong growth. Total revenue reached $1.9bn in Q4, reflecting a 17% increase Y/Y.
Salesforce’s commitment to data and AI is paying off significantly. Its Data Cloud, which is the platform for unifying and managing customer data, has seen explosive growth, becoming its fastest-growing product.
Snowflake has recently released several key product developments to give users more power. These new features focus on bringing artificial intelligence (AI) and machine learning (ML) capabilities directly to the Snowflake data cloud platform.
Autodesk’s CEO has recently emphasized the company’s leadership role in developing 3D generative AI as part of its push toward innovation. Generative AI, similar to ChatGPT in the world of language, has the potential to revolutionize the design process.
Intuit’s goal is to revolutionize the tax preparation industry through innovation. They know that the traditional tax filing procedure is complex and time-consuming, therefore they are using artificial intelligence (AI) and virtual expert services to address this issue.
Unity Software
Unity Software Inc. encountered challenges likely stemming from a developer boycott, which caused a slowdown in two vital aspects of their business: securing new contracts and renewing existing ones.
Cloudflare’s latest financial report shows impressive numbers, with a strong performance across the board.