Oracle Suits up for Air Force Cloud One with $88M Deal
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US military taps Oracle cloud services
Oracle scooped an $88 million contract to provide cloud services to the US military, maintaining its role as a key partner in an enterprise platform run by the nation’s Air Force. The $88 million is a firm-fixed price task order covering provision of Oracle Cloud Infrastructure (OCI) services to the Air Force Cloud One programme, an enterprise-level set-up the division of the military runs for the Department of Defence. Oracle explained Cloud On…
Oracle stock slips despite $88 million U.S. Air Force cloud win as investors brace for CPI
Oracle shares fell 0.5% to $156.36 Thursday after the company announced an $88 million U.S. Air Force cloud contract and a new CMS migration deal. CEO Clayton Magouyrk sold 10,000 shares, filings showed. Investors remain focused on Oracle’s cloud funding plans and Friday’s U.S. inflation data. A securities class action deadline approaches in April. The post Oracle stock slips despite $88 million U.S. Air Force cloud win as investors brace for CP…
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