OCI demand for AI workloads, Cerner boost Oracle’s third quarter revenue

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Oracle on Thursday reported third quarter total revenue of $12.4 billion, up 18% year-on-year, boosted by the demand for AI workloads in Oracle Cloud Infrastructure (OCI) and Cerner’s contribution to the topline. “So, we have a lot of business, a lot of new AI companies coming to Oracle because we’re the only ones who can run their workloads. And by the way — and we are cheaper. But so we’re faster and we’re cheaper,” Oracle Chairman Larry Ellison said during an earnings call with analysts. Top Oracle executives claim that the second generation of OCI has a superior architecture and network ca…

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