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Oracle cloud revenue continues strong growth with more autonomous services promised

March 20, 2018

Via: iCLOUD.pe
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It’s the same old story for Oracle as its Q318 financial results were announced; strong cloud revenues, but what about the rest of the portfolio?

Oracle announced total revenues of $9.8 billion (£7bn) over the past three months, with total cloud revenues contributing 16% of the overall figure at $1.6bn. Cloud revenues have gone up 32% year over year; cloud software as a service, the much larger bucket, saw revenues of $1.15bn at a yearly increase of 33%, while cloud platform as a service and infrastructure as a service went up 28% year on year to $415m.

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