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Oracle second quarter boosted by staggering cloud growth
Oracle Corporation has announced its results for the second quarter of fiscal 2023, showing strong double-digit growth and big numbers for cloud and OCI. The increase was largely driven by huge growth in overall cloud revenue, which grew by 43 percent to $3.8bn, up 48 percent in constant currency, and cloud infrastructure growth which grew by a staggering 53 percent, 59 percent in constant currency, to $1bn in revenues.
Oracle’s cloud growth sets the stage for Q1 fiscal results
Oracle Corporation announced significant quarterly revenue gains in its Q1 fiscal results in 2023. Cloud services and license support revenues were up 20 percent in constant currency to $8.4bn, while cloud and on-premises license revenues were up 19 percent in constant currency to $0.9bn.
TOP NEWS
Oracle second quarter boosted by staggering cloud growthBy Stephanie Ball
Oracle Corporation has announced its results for the second quarter of fiscal 2023, showing strong double-digit growth and big numbers for cloud and OCI. The increase was largely driven by huge growth in overall cloud revenue, which grew by 43 percent to $3.8bn, up 48 percent in constant currency, and cloud infrastructure growth which grew by a staggering 53 percent, 59 percent in constant currency, to $1bn in revenues.
BLOGS
War has no winners – besides Oracle and multi-cloudBy Giacomo Lee
Big Red and multi-cloud won big as Friday saw the US Department of Defense (DoD) announce the winners for its Joint Warfighter Cloud Capability (JWCC) contract. Big losers? Big Blue and AI hype.
IBM Grants $500,000 in-kind for City of Dublin Cybersecurity EducationBy Oracle and IBM
City of Dublin Education Training Board (ETB) is one of ten grant recipients globally, as part of the IBM Education Security Preparedness Grants program.
Your software support contract is up for renewal. Here’s what you need to knowBy Martin Biggs
Every year businesses spend millions on their software support, and whatever software your business is using – whether that’s Oracle, SAP, Salesforce – you’ll have a software maintenance package to accompany it. Typically, these contracts are renewed annually, and when...
Oracle deepens its reach into social media, sort ofBy Paul Esherwood
On the back of a deal to support TikTok when it came under pressure from the Trump administration, Oracle founder and CTO, Larry Ellison, has now agreed to pump $1bn of his own cash into the funding pool to acquire...
CUSTOMER SUCCESS
Gov Facility Services secures finance control in His Majesty’s Prisons with Oracle and IBMBy Oracle and IBM
At the collapse of the private facilities management firm, Carillion Plc, the Ministry of Justice created a new operating company, Gov Facility Services ltd, to run services within 49 UK prisons. The new firm had a tight deadline to secure procurement, payroll and financial control, to get operations in order.
Speed and compliance for M&G expansion with Oracle and IBMBy Oracle and IBM
M&G is a British company headquartered in London, operating for over 170 years in the savings, investments, and heritage industry.
Oracle Fusion Cloud provides real-time insights for Williams CompaniesBy Melissa Evatt
Williams Companies, the largest interstate natural gas supplier in the United States, has moved its finance and operations to the cloud with Oracle. Oracle Fusion Cloud ERP will provide Williams with real-time insights and cost control as well as being able to reduce its energy consumption with SaaS.
Zenni prescribes NetSuite for enhanced business visibilityBy Beckie Barrett
Zenni Optical is using Oracle NetSuite to support its mission to deliver stylish and affordable prescription eyewear for everyone. With NetSuite, Zenni has been able to take advantage of an integrated business platform to enhance business visibility, increase efficiency across...
EDITORS CHOICE
Riding the waves in insurance transformation with Oracle and PwCBy Sarah Thomas
Insurance and finance are perpetually in flux. As one set of regulations is embedded into the industry, another appears on the horizon. Likewise, as one set of metrics is cemented into the reporting norms, another lot rises.
Elon Musk buys Twitter; Oracle in, Salesforce outBy Giacomo Lee
Looks like Elon Musk has done it and bought Twitter. The acquisition of one of the world's biggest social media sites was a legally fraught one, as has been well-documented. Not so widely covered? The background presence in the story of a few big names in enterprise tech, namely Oracle CTO and co-founder Larry Ellison, and Bret Taylor, co-CEO of Salesforce. The latter was chair of Twitter’s board of directors until Musk's takeover became reality.
NEWS
