). In Q1, the company's cloud infrastructure revenue came in at $1.5 billion, an increase of 66% but still lower than the previous quarter's 76% growth.
Additionally, Oracle is in the midst of integrating its $28.2 billion buyout of electronic medical records company Cerner, an acquisition that"In terms of challenges, Oracle faces an uncertain macroeconomic environment, is seeing 'some near-term headwinds to the Cerner growth rate,' and needs to balance its CapEx spending against its need to generate free cash flow and service its $89 billion in debt," JMP Securities analyst Patrick Walravens wrote on Tuesday.