Growth And RevenueOracle's cloud revenue grew by 27% year over year, contributing significantly to the overall revenue increase.
Market PositioningThe company's cloud strategy supports its strong growth as the cloud-based subscription model gives it the edge to provide more flexible and modular offerings, thereby boosting its customer base.
Strategic PartnershipsOpenAI has expanded its deal with Oracle for an additional 4.5GW of US data center capacity, pointing to potential revenue growth scenarios for Oracle.