Oracle’s Cloud Sales Power a Q3 Earnings Beat

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In many ways, Oracle’s (NYSE: ORCL) recent fiscal 2017 third-quarter earnings report, released Wednesday after the close, went as expected. Total revenue climbed a modest  2% to $9.2 billion, slightly  below the consensus estimate of $9.25 billion. However, thanks to yet another quarter of strong, high-margin cloud-related revenue, its $0.69 per share earnings (excluding one-time costs) handily beat the $0.62 per share the analysts had forecast.






NVIDIA Ups Its Cloud Artifical Intelligence Game

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One primary reason NVIDIA (NASDAQ: NVDA) stock has soared 211% in the past year has been its success in expanding beyond providing graphics solutions for the world’s gamers. One of the chipmaker’s next key objectives is developing hardware to support artificial intelligence (AI) platforms, both in the Internet of Things (IoT) and the cloud.






IBM Tackles Quantum Computing in the Cloud

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Unlike current computing platforms, including IBM’s (NYSE: IBM) cognitive computing system Watson, which scour reams of data in search of patterns and insights, quantum computing has the potential to “deliver solutions to important problems where patterns cannot be seen because the data doesn’t exist and the possibilities that you need to explore to get to the answer are too enormous to ever be processed by classical computers.” IBM intends to bring the power of quantum computing to businesses delivered via the cloud.






Oracle, Ex-Exec Set to Settle Cloud Revenue Suit

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Questions surrounding what is, or isn’t, cloud-related revenue aren’t new. In December  2015, research firm Gartner (NYSE: IT) recommended that CIOs “never take vendor cloud revenue at face value.” It wasn’t long after Gartner voiced those concerns that now ex-senior finance  manager at Oracle (NYSE: ORCL) Svetlana Blackburn filed a lawsuit against her former employer alleging “improper accounting practices” related to cloud revenue.