Oracle co-CEO Catz expects acceleration in cloud business

From Reuters - April 16, 2018

TEL AVIV (Reuters) - Oracle Corp co-CEO Safra Catz said on Monday she expects an acceleration in the companys cloud business after the software maker last month reported sales from its cloud business that fell short of Wall Street expectations.

Catz told reporters in Tel Aviv that the companys cloud business was impacted by a new model made available to customers three quarters ago that resulted in much higher than projected license growth.

That makes the appearance of a lower number (for the cloud business) even though money is actually coming in to another bucket, Catz said.


Continue reading at Reuters »