Oracle Cloud enters a phase of hyper-growth leading to Oracle CloudWorld
AUSTIN, TX, July 8, 2022 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) will welcome customers and partners to the industry’s premier event, Oracle CloudWorld Las Vegason October 17-20, 2022. With keynotes featuring customers and executives sharing practical lessons, more than 1,200 technical and strategy sessions, and comprehensive hands-on training opportunities, Oracle CloudWorld is the place for business and IT leaders to learn how to create and maintain a competitive advantage.
With Oracle CloudWorld on the horizon, Oracle’s cloud business is gaining momentum. During the last fiscal quarter ending May 31, 2022total cloud revenue (IaaS plus PaaS) increased 19% in USD, 22% in constant currency to $2.9 billion. Infrastructure cloud (IaaS) revenues were $792 million, up 36% in USD and 39% in constant currency. Fusion ERP cloud (SaaS) revenues were $569 million, up 20% in USD and 23% in constant currency. NetSuite ERP cloud (SaaS) revenue was $574 million, up 27% in USD and 30% in constant currency. Other SaaS revenue from $955 millionup 4% in USD and 7% in constant currency.
“As we prepare to welcome our customers to Oracle CloudWorld in Vegas this fall, I’m thrilled with the strong growth we’ve seen across our portfolio of cloud applications and infrastructure,” said Oracle CEO, Safra Catz. “We look forward to helping customers of all sizes and in all industries discover even more ways to generate revenue, maximize profitability, and improve their business with Oracle Cloud.”
Oracle offers integrated application suites and a secure, self-contained infrastructure in Oracle Cloud. For more information about Oracle (NYSE:ORCL), visit oracle.com.
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