FINANCIALS
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.
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Oracle
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.
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