Oracle has impressed the markets with strong revenue growth for cloud infrastructure and applications-as-a-service.
However, Oracle is still struggling to gain a larger share of the global cloud market, where it lags behind AWS, Microsoft Azure, and Google Cloud.
Big Red's total revenue for Q4, which ended May 31, hit $11.8 billion, up 5 per cent on the same period a year ago. Total cloud revenue, including infrastructure and software-as-a-service, reached $2.9 billion, up 19 percent. Cloud ERP Fusion revenue increased 20 percent while NetSuite ERP cloud revenue grew 27 per cent.