Business Cloud News

Oracle records 40% growth in cloud business


Oracle announced its quarterly results with revenues at $9 billion, down 3% in comparison to the same period last year, though the cloud business recorded growth of 40%.

Islington Council cuts finance costs 40 per cent with help of cloud

Islington Council is saving big bucks by using a cloud-based self service financial management tool

Islington Council is using a cloud-based budgeting and forecasting tool to support stronger collaboration practices it said has helped cut costs by up to 40 per cent, or £3m, since 2010.

Oracle touts 25% cloud revenue increases

Oracle announced cloud revenue growth of 25 per cent, which came at the cost of traditional software license revenues

Oracle boasted a 25 per cent increase in cloud revenue in its latest earnings report as it looks to continue its transformation to offering a predominately cloud-focused portfolio of services. But the company reported minimal revenue increases, 3 per cent, and missed analysts’ profits and sales estimates.