The additional spend covers redundancy packages and other exit costs as increasingly powerful AI models allow the company to cut software jobs.

Oracle Corporation (NYSE:ORCL) stock is up over 10% in premarket trading on Wednesday after the company delivered a fiscal Q3 2026 earnings report that put to rest several lingering investor concerns, ...

Oracle's backlog was the centerpiece of the results. CEO Safra Catz revealed that the company's remaining performance obligation (RPO) -- a backlog of future sales -- rose to $553 billion, surging 325 ...