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Ellison pledges data center build out after a Q2 when demand outstripped supply for Oracle Cloud Infrastructure
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Summary:
Oracle turns in a steady Q2 as Larry Ellison flags up ERP successes and OCI demand outpacing capacity.
Oracle turned in Q2 numbers with total revenue up two percent year-on-year to $9.8 billion with a net income of $2.44 billion, up from a comparable $2.31 billion last year, as demand outran capacity for the firm’s Oracle Cloud Infrastructure (OCI) offering.
Cloud services and license support revenue was up 4% to $7.1 billion, but cloud license and on-premises license revenue fell 3% to $1.09 billion. Hardware was also down 3% to $844 million while services revenue fell 7% to $752 million.