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Total cloud revenue, that's SaaS and IaaS, was up 24% at 5.9 billion, with SaaS revenue of 3.5 billion, up 10%, and IaaS revenue of 2.4 billion, up 52% on top of the 50% growth reported last year.
Oracle slides as revenue target miss spotlights tough cloud competition. ... Oracle's 12-month forward price-to-earnings ratio is 28.08, compared to Microsoft's 31.86 and Amazon's 36.66.
Oracle's stock fell nearly 8% after missing earnings estimates and issuing weaker guidance. Oracle's cloud services, driven by AI demand, grew 12% in the last quarter, making up 77% of revenue.
This is a list of software and information technology companies that are in the Fortune 500 list of the largest U.S. companies by revenue in the year of 2020. Company Type
Oracle Corporation is an American multinational computer technology company headquartered in Austin, Texas. [5] Co-founded in 1977 by Larry Ellison, who remains executive chairman, Oracle ranked as the third-largest software company in the world by revenue and market capitalization as of 2020, [6] and the company's seat in Forbes Global 2000 was 80 in 2023.
"Oracle cloud infrastructure revenue remains heightened as demand for AI compute grows on the platform," said D.A. Davidson in a note. Oracle's 12-month forward price-to-earnings ratio is 28.08 ...
Oracle forecast fiscal second-quarter revenue to rise by 8% to 10%, with cloud revenue growing in a range of 24% to 26%. Adjusted EPS is expected to grow between 8% and 12%. For the full year, the ...
The acquisition of Sun Microsystems by Oracle Corporation was completed on January 27, 2010. [1] After the acquisition was completed, Oracle, only a software vendor prior to the merger, owned Sun's hardware product lines, such as SPARC Enterprise, as well as Sun's software product lines, including the Java programming language.