Search
Homepage This page's url is: -crn- Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs HPE Discover 2019 News Cisco Wi-Fi 6 Newsroom Dell Technologies Newsroom Hitachi Vantara Newsroom HP Reinvent Newsroom Lenovo Newsroom Nutanix Newsroom Cisco Live Newsroom HPE Zone Tech Provider Zone

A Turning Point For Oracle? 4 Takeaways From A Strong Q4

Oracle saw revenue growth for the first time since 2014. Has the company emerged from the dark days of cloud transformation?

Back 1   2   3   ... 8 Next

photo

A Cloud Inflection Point

"We had a tremendous quarter in just about every way," said Catz during the company's earnings call.

Adoption is at an all-time high, declared the co-CEO, and more importantly, "cloud has become our predominant growth vehicle."

Cloud and on-premises software together grew by 5.3 percent to $8.88 billion in Q4. Total cloud revenue in the quarter, however, was up 66 percent, to $1.4 billion, in a non-GAAP measure. That's still a small percentage of Oracle's $7.5 billion on-premises software business, but that legacy revenue stream has flatlined. And hardware sales declined 12 percent, Catz told investors

Oracle expects cloud revenue, across SaaS, PaaS and IaaS to continue to grow somewhere around 50 percent over the next year, according to guidance Catz announced.

 
 
Back 1   2   3   ... 8 Next

sponsored resources