Cloud is fastest-growing segment of Oracle revenue
June 23, 2014
Grazed from ITWorld. Author: Howard Solomon.
Cloud computing will eventually come to dominate IT, so almost every hardware and software manufacturer has to have a cloud strategy of some sort. Oracle Corp.’s moves in this are have been paying off, according to the company’s latest financial report. The company said that in its fiscal Q4 total revenues were up three per cent to $11.3 billion (all figures in U.S dollars).
Of that software-as-a-service (SaaS) and platform-as-a-service (PaaS) revenues were the fastest growing part, up 25 per cent to $322 million. For fiscal year 2014, total revenues were up three per cent at $38.3 billion. SaaS and PaaS revenues were up 23 per cent to $1.1 billion while cloud IaaS revenues were $456 million…
True, new software sales and licence updates were the biggest part of the overall annual revenue (a combined $27.6 billion.) Even hardware sales ($5.4 billion) were more than cloud sales. But it’s the growth of cloud that catches the eye. This includes SaaS solutions for customer experience, human capital management, ERP, enterprise performance management and others…