Oracle to put $2.4B quarterly in cloud business

Cloud /

Software firm Oracle announced that it will be investing US$2.4 billion in cloud business, per quarter.  The company’s cloud business has progressed by 48% in Q2, helping revenue grow 25% year-on-year.  The category has outpaced license support, therefore Oracle projecting cloud infrastructure (IaaS) margins to get better in the following quarters. For the past two […]

Oracle to put $2.4B quarterly in cloud business Read More »