Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

'The scale of opportunity is unimaginable': Larry Ellison touts healthcare AI as Oracle's income grows

Dec 10, 2024 - beckershospitalreview.com
Oracle reported a 9% revenue increase for the second quarter of the 2025 fiscal year, reaching $141 billion, driven by a 52% growth in Oracle Cloud Infrastructure revenue due to high AI demand. CEO Safra Catz highlighted the extraordinary growth in AI, with GPU consumption up 336%, and the development of the world's largest AI supercomputer. Oracle expects its cloud revenue to exceed $25 billion for the fiscal year. The company is leveraging AI to innovate in healthcare, automating processes like drug design and genomic analysis, and enhancing electronic health records with voice command features.

Oracle's operating income rose 17% to $4.2 billion, and net income increased 26% to nearly $3.2 billion. The cloud segment saw significant growth, with a 24% increase in revenue to $5.9 billion. Oracle has formed partnerships with Meta, Google, Amazon Web Services, and Microsoft to develop AI agents and a multi-cloud environment. Larry Ellison, Oracle's chair and CTO, emphasized the potential of multi-cloud, predicting it will become a multibillion-dollar business.

Key takeaways:

  • Oracle reported a 9% revenue increase for the second quarter of the 2025 fiscal year, reaching $141 billion, driven by a 52% growth in Oracle Cloud Infrastructure revenue due to record AI demand.
  • The company expects Oracle Cloud revenue to exceed $25 billion for the fiscal year 2025, with significant contributions from AI-driven applications in healthcare and other sectors.
  • Oracle's operating income increased by 17% to $4.2 billion, and net income rose by 26% to nearly $3.2 billion for the second quarter.
  • Oracle has formed partnerships with major companies like Meta, Google, Amazon Web Services, and Microsoft to develop AI agents and a multi-cloud environment, projecting it to become a multibillion-dollar business.
View Full Article

Comments (0)

Be the first to comment!