1824 ET - Oracle expects the component delays that have slowed its cloud capacity expansion this year to ease in 1Q 2026, CEO Safra Catz says on a call with analysts. "There is enormous demand again, enormous demand, but that capacity is not always within our control," Catz says. The Austin, Texas-based, cloud-software provider plans to double its power capacity this year and triple it by the end of the next fiscal year. "As we bring more capacity online, our revenues will clearly accelerate," Catz says. Shares fall 2.2% in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 10, 2025 18:24 ET (22:24 GMT)
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