Cloud, Recurring Revenue, Subscription Growth Highlight Oracle's Q2
Oracle's overall revenue in its fiscal Q2 of 2021 grew because of the growth in its Oracle OCI, Fusion ERP, and other cloud-focused technologies.
Source: crn.com
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Oracle's ERP and cloud surged in Q2. Hardware grew super-fast. So why was Larry Ellison a tad frustrated? • The Register
Because the balance sheet showed only muted growth while subscription cash starts to flow Share Copy Oracle has posted modest growth for its second quarter, with SaaS-y ERP a notable exception. But founder Larry Ellison says the numbers don’t reflect its bright new cloudy reality. The company won $9.8bn of revenue, up two percent year-on-year. Net income fared better, up six percent to $2.4 billion CEO Safra Catz called out the Fusion and NetSuite Cloud ERP applications for their respective 33 percent and 21 percent growth. “These two strategic cloud applications businesses are ma...
Source: theregister.com