Oracle to put $2.4B quarterly in cloud business
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 […]
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