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Oracle's cloud services inch up but total revenue falls 6.3% in Q2

Friday, December 18, 2015 - 05:50
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"We expect that our rapidly growing cloud business will drive Oracle's overall revenue and overall profit growth for years and years to come," said Mr Ellison during a conference call.

San Francisco

ORACLE Corp's push into the cloud is making progress, but investors will need to be patient before there's a return to revenue growth.

While the cloud-based business posted a sales increase of 26 per cent, the other key units reported declines in the fiscal second