Oracle Benefits from new Multi-Billion-Dollar Contracts - Cloud Infrastructure Business Skyrockets to $144 Billion in Four Years!
Reading Time: 5 minutes
Oracle impresses clients with fast, cost-effective, and private AI capabilities. Hyperscaler partnerships drive a revenue increase of 1,529% in the multi-cloud database business. Four multi-billion-dollar deals with three clients provide massive momentum. Remaining performance obligations are approaching the mark of $500 billion. Oracle Cloud Infrastructure (OCI) is expected to grow by 77% this year to $18 billion. Over the next four years, a significant increase to $144 billion is anticipated. After a revenue increase of 16% in fiscal...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
