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Oracle’s Cloud Division Revenues Up 22%

Oracle has announced the Results for the second quarter of your fiscal year 2022, a period in which it has had revenues of $ 4.9 billion, up 6%, and earnings per share of $ 1.21. From this data, cloud revenues, adding the Infrastructure and Cloud Applications areas, were $ 2.7 billion.

By division, Cloud Services and license support in the quarter entered 7,600 million dollars, 13% more. In this category, the areas of Cloud services applications and license support reaped 3,150 million, 9%. Meanwhile, the Infrastructure Cloud Services area had revenues of $ 4.4 billion, up 5%.

What the company achieved in the period reported by local licenses and in the cloud amounted to 1,200 million dollars, 13%. The Hardware area obtained 767 million dollars, 9% less, while the Services area received 802 million dollars, 7% more.

Over the three months reported, Oracle’s Board of Directors increased the authorization for the repurchase of shares worth $ 10 billion. In addition, the Board established a cash dividend of $ 0.32 for each common stock share. Shareholders will be credited with securities at the close of the session on January 7, 2022, who will receive the money on January 19, a few days later.

Safra Catz, CEO of Oracle, has stated that «These strong results are being driven by 22% growth in the Cloud Infrastructure and Applications divisions, which are approaching $ 11 billion in annualized revenue. We already have 8,500 clients from ERP Fusion, with their revenues growing 35%, as well as 28,400 from ERP NetSuite, with revenues that have grown 28%, and the Gen2 infrastructure areas are growing even faster, and accelerating«.

Regarding the Oracle President and CTO Larry Ellison, has highlighted that «Oracle’s Standalone Database and the new MySQL Database with HeatWave are two of the highest performing databases in the industry. Given their extremely high performance, both products present enormous growth opportunities for our cloud infrastructure division. Oracle on-premises database customers are choosing our autonomous Database as they move to the public cloud and new Cloud @ Customer single services. Amazon Aurora customers are finding that switching to MySQL with HeatWave can increase their performance by more than 10x, with corresponding cost reduction«.

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