Oracle CEO says cloud revenue is set to grow by 50%

 

Oracle's CEO has stated that the company's revenue from cloud services will grow 50% in the fiscal Q4.   Total cloud revenue was $4.1B. Oracle's cloud business is growing 50% faster than its two biggest competitors: SAP — 33%, Google Cloud — 32%. The company's overall SaaS revenue is up $2.9B (44%). Its overall cloud database revenue is up 45%. The company's general cloud growth in Q3 stood at 45%, and it estimates that this figure could surpass 51% in the fiscal Q4.