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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 category, according to CEO Safra Catz, has been growing faster than license support. The company expects cloud infrastructure (IaaS) margins to improve in the coming quarters.

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