IBT Staff Reporter

16741-16770 (out of 154954)

Oracle Bets On Cloud Boom To Forecast Upbeat Profit

Oracle Corp forecast fourth-quarter profit above Wall Street estimates as the legacy software firm expects its heavy cloud investments to pay off, as more businesses ramp up their spending to support hybrid work and transition to cloud.

IMF Chief Georgieva Says Ukraine War To Lower Global Growth Forecast

The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund to lower its global growth forecast next month, IMF Managing Director Kristalina Georgieva said on Thursday.

Pages