GoKawiil
Tech News
Oracle reported fiscal first-quarter revenue of $19.35 billion, topping analyst expectations, with net income climbing 60% to $4.7 billion. The gains were driven by a 62% jump in cloud revenue, including a 121% surge in cloud infrastructure sales, prompting shares to rise more than 6% in premarket trading.
An Entrepreneur contributor argues that many business owners chase revenue increases without checking whether that growth actually boosts their personal earnings. The piece cites survey data showing most small-business owners expect revenue gains while over half cite inflation as their top concern, highlighting a gap between top-line growth and true profitability.
Smart-ring maker Oura revealed financial details as part of its move toward going public, showing it has become profitable. The company reported 74% revenue growth for the nine months ending in June compared with the prior year.