Oracle cloud growth shows promise as company tops estimates
Sales of key cloud products grow 57% to US$583m, compared with sagging revenue in other services
Thu, Mar 17, 2016 - 5:50 AM
Ms Catz expects sales of cloud products to grow 57-61 per cent in the current quarter.
ORACLE Corp reported profit that topped estimates and posted strong gains in revenue from cloud-based businesses, signalling that it is making progress in the transition away from traditional software.
Profit, excluding some items, was 64 US cents a share for the...