Oracle has recently laid off over 150 employees from its cloud division, primarily affecting professionals in the Seattle area. This restructuring is aimed at managing the rising costs associated with ...

Oracle Corp. today disclosed that it has won a cloud contract worth more than $30 billion annually. Shares of the company jumped almost 9% on the news at one point. It ended the trading session up 4%.

Oracle’s share price dropped by the largest amount earlier this week since 2002, dropping 12% which compares against the 15% drop the stock experienced as the entire tech sector exploded in the ...