Analyst Commentary

Oracle grows on SaaS uplift; Ellison looks ahead with database preview



Larry Ellison boasts fully automated database launch coming at OpenWorld

Oracle’s (NYSE:ORCL) FY1Q18/CY3Q17 earnings release reported Cloud SaaS revenues eclipsing the $1 billion mark, growth of more than $100 million sequentially. Cloud PaaS and IaaS, the company's cloud segment of greater opportunity according to previous commentary from executives, fared worse in the quarter, increasing a mere $3 million sequentially. Despite software license and hardware declines, cloud growth supported total revenue expansion of...

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