Oracle promises IaaS growth as cloud business rises

Oracle’s third quarter financial results continue to show that the company’s future is in the cloud. On Wednesday, the company reported massive growth in its software- and platform-as-a-service businesses, promising further gains as its customers do away with their data centers.

The company’s SaaS and PaaS revenue from December 2016 through February 2017 was a little over $1 billion, up from $583 million during the same period a year prior. Its infrastructure-as-a-service business brought in $178 million during the same period, bringing the company’s total cloud revenue for the quarter to almost $1.2 billion.

To read this article in full or to leave a comment, please click here

from Computerworld Cloud Computing http://ift.tt/2mUsj5C
via IFTTT

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s