Oracle’s most recent financial report reveals some hints about its future. Oracle has posted some very impressive numbers as its cloud computing products and services have taken off, and the recent Q2 reporting is a fine reference point. From the company’s announcement of its Q2 results: Cloud SaaS revenues were up 55 percent; PaaS plus IaaS revenues were up 21 percent; total cloud revenues were up 44 percent. Extrapolating just the SaaS number to a full year, you can see that Oracle is already one of the top SaaS vendors in the world.
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Reading Between Oracle’s Lines
Posted by: Denis Pombriant December 19, 2017 05:00 AMOracle’s most recent financial report reveals some hints about its future. Oracle has posted some very impressive numbers as its cloud computing products and services have taken off, and the recent Q2 reporting is a fine reference point. From the company’s announcement of its Q2 results: Cloud SaaS revenues were up 55 percent; PaaS plus IaaS revenues were up 21 percent; total cloud revenues were up 44 percent. Extrapolating just the SaaS number to a full year, you can see that Oracle is already one of the top SaaS vendors in the world.