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Oracle Q3, 2020-21: Revenue growth of 3% backdrop to Ellison attack on SAP
Chairman and CTO Larry Ellison launches competitive attack on SAP as Oracle’s third-quarter results show revenue growth of 3%
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Published: 11 Mar 2021 11:16
Oracle Corporation has announced third-quarter 2020-21 revenue of $10.1bn, up 3% on the same quarter last year. The supplier declared an operating profit of $3.9bn, up 10% on last year.
CEO Safra Catz said in the earnings release: “We continued to extend our huge lead in the cloud ERP market as Fusion ERP grew 30% and NetSuite ERP grew 24%.”
Larry Ellison, chairman and CTO, added: “Oracle’s Gen2 Cloud Infrastructure business added customers, and grew revenue at a rate in excess of 100%. ....

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