Oracle's cloud infrastructure revenue growth accelerated in the quarter, although revenue from cloud and on-premises licenses declined.
During the quarter, some of the company's cloud services received approval for use at U.S. defense and intelligence agencies.Larry Ellison, Oracle's chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.shares climbed as much as 5% in extended trading on Monday after the software vendor announced fiscal fourth-quarter results that exceeded Wall Street's expectations.$1.67 per share, adjusted, vs. $1.
The company's top source of revenue, cloud services and license support, jumped 23% to $9.37 billion. But revenue from cloud licenses and on-premises declined 15% to $2.15 billion. Revenue from cloud infrastructure totaled $1.4 billion, which was up 76%, accelerating from 55% growth in the
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