Oracle meets revenue targets on cloud strength, Cerner boost

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:Oracle Corp met Wall Street targets for first-quarter revenue on Monday as demand for its cloud services stayed strong and its acquisition of healthcare IT firm Cerner started to pay off.With hybrid work gaining traction worldwide, Oracle has been looking to bolster its cloud offerings and close the gap to r

:Oracle Corp met Wall Street targets for first-quarter revenue on Monday as demand for its cloud services stayed strong and its acquisition of healthcare IT firm Cerner started to pay off.

That helped cushion the impact from a slowdown in business spending, as companies turn thrifty in the face of high inflation and an advancing U.S. dollar.

 

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