Tag: cloud business

Cloud Computing, Tech

Oracle to invest $2.4 billion quarterly in cloud infra as demand grows in triple digits

December 13, 2022

Via: CIO

Oracle on Monday said it will continue to invest $2.4 billion per quarter in its cloud business, which accelerated 48% in the second quarter, helping the company revenue grow 25% year-on-year, without accounting for currency fluctuations. Cloud services as a […]

Cloud Computing

Alibaba cloud growth outpaces Amazon and Microsoft as Chinese tech giant pushes for profitability

November 6, 2020


The growth of Alibaba’s cloud business outpaced Amazon and Microsoft in the quarter ending in September, and the Chinese tech giant reiterated its commitment to making the unit profitable by next March. Alibaba reported cloud computing brought in revenue of […]