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Google Cloud Growth Soars as AI Spending Worries Investors

Google Cloud growth drove Alphabet’s strong June-quarter revenue, while higher ad revenue supported earnings. However, AI spending, negative free cash flow and Gemini delays left Wall Street concerned about future returns. Google Cloud growth helped Alphabet deliver a strong June-quarter performance, with total revenue reaching $119.8 billion, above Wall Street’s estimate of about $116.9 billion. Advertising revenue rose to $81.6 billion, supporte

Business

23 Jul 2026 02:52 AM

Google Cloud Growth Soars as AI Spending Worries Investors

Business

Oracle Appoints Hilary Maxson as New CFO, Effective April 6, 2026, Amid Tech Expansion

Oracle Corporation has announced the appointment of Hilary Maxson as its new Chief Financial Officer (CFO), effective April 6, 2026. Maxson will take charge of Oracle’s global finance organization, reporting directly to co‑CEO Clay Magouyrk. This appointment marks a pivotal leadership change for the company as it continues to strengthen its position in the cloud computing and artificial intelligence (AI) markets. Maxson, who brings extensive experience in corporate finance and technology leadership, joins Oracle from Schneider Electric, where she served as the Executive Vice President and Group CFO. Her appointment is seen as a strategic move to bolster Oracle’s financial operations amid its ongoing expansion in AI and cloud services. As the company focuses heavily on AI-driven solutions and cloud infrastructure, Maxson’s expertise will be key in navigating the complexities of the evolving tech landscape. With demand for cloud services and AI technologies surging, Oracle is focused on scaling its operations to meet the growing market needs. Maxson’s leadership will guide Oracle through this critical phase, ensuring financial stability while supporting the company’s ambitious growth objectives. Oracle’s investment in AI and cloud technologies has positioned it as a major player in these sectors, and Maxson’s financial oversight will be essential as the company continues to innovate and expand its global footprint. The timing of this leadership change is significant, as Oracle is also undergoing a restructuring process. Recently, the company has faced workforce layoffs, a strategic move to streamline its operations and focus on the most promising areas for future growth. With Maxson at the helm of the finance team, Oracle is poised to make smart financial decisions that will fuel its continued success in the competitive tech sector. Maxson’s appointment underscores Oracle’s commitment to adapting to industry trends and ensuring its leadership is well-equipped to manage the challenges and opportunities in the rapidly changing tech landscape. As she steps into her new role, Maxson’s focus will be on aligning Oracle’s financial strategies with its long-term goals, driving profitability, and supporting the company’s continued leadership in cloud computing and AI.

Global News

07 Apr 2026 02:03 AM

Oracle Appoints Hilary Maxson as New CFO, Effective April 6, 2026, Amid Tech Expansion

Global News

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#cloudgrowth

Google Cloud Growth Soars as AI Spending Worries Investors

Google Cloud Growth Soars as AI Spending Worries Investors

Oracle Appoints Hilary Maxson as New CFO, Effective April 6, 2026, Amid Tech Expansion

Oracle Appoints Hilary Maxson as New CFO, Effective April 6, 2026, Amid Tech Expansion

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Tamil Nadu's Sabari Jaishankar to Compete in Super Fighter Series in Bangkok

How Much Salt is Too Much? Science Explains the Risks

DRC Ebola Outbreak: US Doctor Infected as Rare Strain Spreads

Damascus bombings cell linked to Islamic State

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Trump Cuts US-South Korea Military Drills, Citing Kim Jong Un

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Pawan Kalyan Says NDA Rule Needed for 15 Years to Keep YCP Out of Power in Andhra Pradesh

#cloudgrowth

Google Cloud Growth Soars as AI Spending Worries Investors

Google Cloud Growth Soars as AI Spending Worries Investors

Oracle Appoints Hilary Maxson as New CFO, Effective April 6, 2026, Amid Tech Expansion

Oracle Appoints Hilary Maxson as New CFO, Effective April 6, 2026, Amid Tech Expansion

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Damascus bombings cell linked to Islamic State

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