Oracle reports 18% revenue growth after Cerner deal closes
Summary
Oracle CEO Safra Catz speaks during the SelectUSA Investment Summit in Oxon Hill, Maryland, on June 19, 2017. Oracle reported revenue that met expectations on Monday, while earnings came in below analysts estimates. Revenue climbed 18% in the quarter from a year earlier, thanks to a contribution from recently acquired software maker Cerner. Oracles applications and infrastructure cloud businesses now represent over 30% of total revenue, CEO Safra Catz said in a statement. Oracle executives will discuss the results with analysts and issue guidance on a conference call starting at 5 p.m.
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HealthTech
applications
Business Intelligence
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Enterprise Software
Database Software
Cloud Computing
Linked Companies
Oracle
$1B+
Cerner Corporation
$1B+