Oracle Q4 Cloud Revenue $4.4B, Up 54% YoY; Cloud Infrastructure Revenue Up 76%, Cloud application Up 45%, Fusion Cloud ERP Revenue Up 26%, NetSuite Cloud ERP Up 22%
Portfolio Pulse from Benzinga Newsdesk
Oracle reported Q4 cloud revenue of $4.4 billion, a 54% YoY increase. Cloud infrastructure revenue rose 76%, cloud application revenue increased 45%, Fusion Cloud ERP revenue grew 26%, and NetSuite Cloud ERP revenue was up 22%.
June 12, 2023 | 8:06 pm
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Oracle's Q4 cloud revenue increased 54% YoY to $4.4 billion, with significant growth in cloud infrastructure, cloud application, Fusion Cloud ERP, and NetSuite Cloud ERP.
Oracle's strong Q4 cloud revenue growth, driven by increases in various segments, indicates a positive outlook for the company. This is likely to have a positive impact on the stock price in the short term as investors react to the impressive results.
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