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Oracle Q1 2021-2 results: Cloud revenue reaches a quarter

September 14, 2021

Oracle has announced a 4% increase in year-on-year first-quarter results for its fiscal year 2021-2. The supplier declared $9.7bn revenue for the quarter.

Safra Catz, CEO at Oracle, said: “Oracle’s two new cloud businesses, IaaS and SaaS [infrastructure and software as a service], are now over 25% of our total revenue with an annual run rate of $10bn. Taken together, IaaS and SaaS are Oracle’s fastest-growing and highest-margin new businesses.”

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