Subscriber Owning a 7.7% public cloud market share according to Gartner, Alibaba has annual revenues of $2.49 billion, and impressive growth of … Cloud license and on-premise license revenues were $5.1 billion. Posted on July 2, 2020 July 2, 2020; Expert Talk On Oracle Revenue Management Cloud Service Jul 4th 11 AM India Time. Total revenue rose 2% to $9.8 billion in the second quarter ended November 30. Posted by mayor | Dec 10, 2020 | One America News Network | 0 |, https://www.oann.com/oracle-posts-quarterly-revenue-rise-on-higher-demand-for-cloud-services/?utm_source=rss&utm_medium=rss&utm_campaign=oracle-posts-quarterly-revenue-rise-on-higher-demand-for-cloud-services. Subscribe for 12 months of unlimited access to constantly updated digital Oracle Cloud Learning Subscriptions. We'll focus on those five big vendors and their prospects. Analyst's were expecting revenue of $9.79 billion, according to IBES data from Refinitiv. But Gartner says Oracle is a “niche player” in a market led by Amazon, followed by Microsoft and Google. Two anecdotes shared by Oracle’s top executives, CTO and Executive Chairman Larry Ellison and CEO Safra Catz, give a glimpse into how businesses are picking their cloud providers today. The revenue boost comes as the tech company fields high demand in its cloud services as the pandemic drives a widespread shift to remote work. Oracle’s cloud services and license support division is the company’s most profitable business segment, bringing in around 27.4 billion U.S. dollars in its 2020 fiscal year. Analyst’s were expecting revenue of $9.79 billion, according to IBES data from… (Reuters) – Oracle Corp beat Wall Street estimates for second-quarter profit and revenue on Thursday, as remote work trends boosted cloud product and software licensing sales. Yes, as per Trefis estimates Oracle(NYSE: ORCL) will see a growth of 1.1% in its top line for FY 2020 (ended May 2020). You'll probably have Oracle and SAP, too. Oracle Learning Subscriptions | Learn Oracle from Oracle. Oracle Corporation (NYSE: ORCL) today announced fiscal 2020 Q4 and fiscal 2020 full year results. Total revenue rose 2% to $9.8 billion in the second quarter ended November 30. (Reuters) - Oracle Corp reported quarterly revenue in line with Wall Street estimates on Thursday, as remote work trends boosted cloud product and software licensing sales. Oracle revenue for the twelve months ending August 31, 2020 was $39.217B, a 0.79% decline year-over-year. Oracle reported a 2% rise in Q2 revenue as the company enjoys high cloud demand during a pandemic-driven shift to remote work Katie Canales and Reuters 2020-12-10T21:12:27Z Software as a service is expected to be the largest revenue slice of the cloud pie. A leading-edge research firm focused on digital transformation. According to Gartner, SaaS revenue in 2020is expected to be $166 billion compared to $61.3 billion for IaaS. Welcome to Oracle… Dec 10 (Reuters) - Oracle Corp reported quarterly revenue in line with Wall Street estimates on Thursday, as remote work trends boosted cloud product and software licensing sales. "These two strategic cloud applications businesses are major contributors to Oracle's increased operating earnings and consistent earnings per share growth. Sign up to 10 Things in Tech You Need to Know Today. Analyst’s were expecting revenue of $9.79 billion, according to IBES data from Refinitiv. Oracle's largest business segment, cloud services and license support, generated $7.11 billion in revenue, up 4% year over year and above the … Account active Cloud Services and License Support revenues were $6.8 billion, while Cloud License and On-Premise License revenues were $1.1 billion. Total quarterly revenues were up 2% year-over-year in USD and in constant currency to $9.4 billion compared to Q1 last year. P.O. In addition, the report stresses on major challenges as well as the latest growth strategies implemented by significant playe Claim my badge. Revenue from cloud services and license support rose 4% to $7.1 billion. Total quarterly revenues were $10.4 billion, down 6% YoY and down 4% in constant currency compared to Q4 last year. Nico Grant (Bloomberg)-- Oracle Corp. gave a better-than-expected forecast for quarterly revenue, in a sign of improving demand for the software giant’s cloud computing technology after years of stagnant sales. as well as other partner offers and accept our, Visit Business Insider's homepage for more stories. Overall, Microsoft’s Q1 and Q2 combined commercial cloud business revenue is now reported to be $20.6 billion, a 40% growth on H1 2018. Sign Up For More Updates. 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