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Oracle Q4 cloud revenues grow 29%, down 5% overall

Larry Ellison said the company's cloud revenue will eclipse Salesforce's revenue this year

Oracle Corporation has announced its 2015 fiscal Q4 quarterly earnings, unveiling impressive growth for its PaaS and SaaS business, which is up 29% on last year. The company posted overall revenue of $10.7 billion however, down 5% year on year. After a bullish announcement of its Q3 results in March, where Oracle boss Larry Ellison […]

Larry Ellison becomes chairman, CTO in executive re-shuffle at Oracle

Oracle's Larry Ellison is going to be much more heavily involved in developing Oracle technology

Oracle announced Larry Ellison will step down from his current role as chief executive officer to take on executive chairmanship of the company as well as the role of chief technology officer. The move will also see co-presidents Mark Hurd and Safra Catz jointly take the helm as CEO.

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.

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