Back In The Black
Oracle is growing again, and that is a big deal. The Redwood Shores, Calif.-based enterprise software giant hit a revenue high in 2014, and every quarter since then has been downhill.
Except for the fourth quarter of 2017 which recently ended, the first in about three years to see growth for one of the world's largest and richest technology vendors. And Oracle leaders, including co-CEOs Mark Hurd and Safra Catz, and CTO Larry Ellison, emphasized the driver was a surge in cloud sales.
Oracle's total Q4 revenue was up 3 percent to $10.9 billion, but its legacy businesses were all either flat or in decline.
The consensus takeaway is that Oracle has passed an inflection point, emerging from the dark days of cloud transformation to the sunny era of recurring revenue.