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Oracle's Q2 revenue and profit both increased due to sustained demand for artificial intelligence. Oracle announced on Monday that its second quarter profit was $3.15 billion, compared to $2.5 billion in the same period last year. Revenue increased by 9% to $14.1 billion. Oracle CEO Safra Catz stated that record breaking AI demand has boosted revenue for the most recent quarter. She stated that it is expected that Oracle's cloud infrastructure division revenue will exceed $25 billion in the fiscal year 2025.
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