Cloud, recurring revenue, subscription growth highlight Orac

Cloud, recurring revenue, subscription growth highlight Oracle's Q2 - Finance


This included growth in many of the software company's key product lines.
Larry Ellison, co-founder and executive chairman of Oracle (pictured), told financial analysts at the company’s quarterly financial conference call that one of those products, Oracle Cloud Infrastructure, or OCI, was actually capacity-strained during the quarter.
“There was more demand than we had supply,” Ellison said. “To remedy this capacity shortfall, we are adding OCI capacity and building new OCI data centers as fast as we can. We are now up to 29 regional data centers around the world, more than AWS [has].”
OCI added customers and added revenue at a rate in excess of well over 100 percent year-over-year in the second quarter, Ellison said. Meanwhile, he said, OCI’s Oracle Autonomous Database was up by more than 50 percent.

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