The Cloud Remains the Main Focus of Oracle’s Earnings
Oracle Cloud provides a complete SaaS application suite for ERP,HCM and CX, plus the best database platform for Americas, Europe and Asia Data Center (PaaS) and infrastructure as services (IaaS). While this is a quiet time for the company, the technology giant Oracle is one of the exceptions, reporting earnings for the second quarter of fiscal year 2018 after Thursday’s market shutdown on December 14. Oracle’s cloud division has been a constant focus for analysts and CEOs, and Safra Catz has attributed the company’s recent revenue and revenue growth to the sector’s performance. Oracle reported in the first quarter of fiscal year 2018 that the total revenue of cloud computing rose 51% per cent to $1.47 billion, excluding the effects of foreign exchange.
Oracle Sets-Oracle Identity Security Operations Center (SOC) service portfolio and Oracle Management cloud-first unveiled at Oracle Global Conference to help businesses anticipate, reduce, detect and resolve security threats, and help repair applications and infrastructure performance questions Oracle sets use artificial intelligence to analyze a unified data set composed of security and operational telemetry, and to provide automated fixes designed to enable customers to quickly adjust their security and operational status as the risk changes. This application of machine learning may help prevent attacks, shortening the detection window from months to minutes
In its cloud department, Oracle reports the fastest growing portion of the software as a service. Revenue from the sector grew 62% to $1.07 billion year-on-year. Another two parts of its cloud division, “Platform services and infrastructure services”, rose 28% to $400 million. For the second quarter of fiscal year 2018, management said they expected the cloud’s
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