:Cloud and enterprise software firm Oracle Corp topped Wall Street estimates for quarterly profit and revenue on Monday, as more businesses increased spending on cloud services while transitioning to a hybrid work environment.
Oracle's total cloud revenue, which includes its infrastructure-as-a-service and software-as-a-service businesses, rose 3 per cent to $7.61 billion. Catz attributed the jump in revenue to the company's Fusion and NetSuite cloud applications and high demand for its infrastructure cloud business.
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Oracle beats quarterly revenue estimates on cloud boost:Cloud and enterprise software firm Oracle Corp topped Wall Street estimates for fourth-quarter revenue on Monday, with more businesses increasing spending on cloud as they transition to a hybrid work environment.Shares in the Austin, Texas-based company, which have declined about 27 per cent so far this year
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Oracle beats quarterly revenue estimates on cloud boost:Cloud and enterprise software firm Oracle Corp topped Wall Street estimates for fourth-quarter revenue on Monday, with more businesses increasing spending on cloud as they transition to a hybrid work environment.Shares in the Austin, Texas-based company, which have declined about 27 per cent so far this year
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »