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General

Oracle cloud revenues jump 32% to USD 9.8 bln, driving solid Q3

Tuesday 20 March 2018 | 09:01 CET | News
Oracle reported third quarter results again lifted by its cloud operations, though profit took a hit from the new US tax rules. Total revenues lifted 6 percent from the year before to USD 9.8 billion, driven by cloud revenues, which jumped 32 percent to USD 1.6 billion. Within Cloud, Cloud and On-Premise Software revenues advanced 8 percent to USD 8.0 billion, Cloud Software as a Service (SaaS) revenues went up 33 percent to USD 1.2 billion, and Cloud Platform as a Service (PaaS) plus Infrastructure as a Service (IaaS) revenues went 28 percent higher to USD 415 million.

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Categories: General
Companies: Oracle
Countries: World
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