AUSTIN,
Texas, July 8, 2022 /PRNewswire/ -- Oracle
Corporation (NYSE: ORCL) will welcome customers and partners to the
industry's most important event, Oracle CloudWorld Las Vegas, on
October 17-20, 2022. With keynotes
featuring customers and executives sharing practical lessons, more
than 1,200 technical and strategic sessions, and comprehensive
hands-on training opportunities, Oracle CloudWorld is the premier
venue for business and IT leaders to learn how to create and keep a
competitive advantage.
With Oracle CloudWorld on the horizon, Oracle's cloud business
is gaining significant momentum. In the most recent fiscal quarter
ending May 31, 2022, total cloud
revenues (IaaS plus PaaS) were up 19% in USD, up 22% in constant
currency to $2.9 billion.
Infrastructure cloud (IaaS) revenues were $792 million, up 36% in USD and up 39% in
constant currency. Fusion ERP cloud (SaaS) revenues were
$569 million, up 20% in USD and up
23% in constant currency. NetSuite ERP cloud (SaaS) revenues were
$574 million, up 27% in USD and up
30% in constant currency. Other SaaS revenue of $955 million, up 4% in USD and up 7% in constant
currency.
"As we prepare to welcome our customers to Oracle CloudWorld in
Las Vegas this fall, I am thrilled
about the strong growth we have seen across our entire portfolio of
cloud applications and infrastructure," said Oracle CEO,
Safra Catz. "We look forward to
helping customers of all sizes and in every industry discover even
more ways they can drive revenue, maximize profitability and
improve their businesses with Oracle Cloud."
Register for Oracle CloudWorld.
About Oracle
Oracle offers integrated suites of applications plus
secure, autonomous infrastructure in the Oracle Cloud. For
more information about Oracle (NYSE: ORCL), please visit us
at oracle.com.
Trademarks
Oracle, Java, and MySQL are registered trademarks of Oracle
Corporation.
"Safe Harbor" Statement: Statements in this press
release relating to Oracle's future plans, expectations, beliefs,
intentions and prospects, including statements regarding future
revenue growth, the impact of the Cerner acquisition and our plans
to manage a promising new HIV vaccine, are "forward-looking
statements" and are subject to material risks and uncertainties.
Many factors could affect our current expectations and our actual
results, and could cause actual results to differ materially. We
presently consider the following to be among the important factors
that could cause actual results to differ materially from
expectations: (1) Our success depends upon our ability to develop
new products and services, integrate acquired products and services
and enhance our existing products and services. (2) Our cloud
strategy, including our Oracle Cloud Software-as-a-Service and
Oracle Cloud Infrastructure offerings, may adversely affect our
revenues and profitability. (3) We might experience significant
coding, manufacturing or configuration errors in our cloud, license
and hardware offerings. (4) Acquisitions present many risks and we
may not achieve the financial and strategic goals that were
contemplated at the time of the transaction. (5) The COVID-19
pandemic has affected how we and our customers are operating our
respective businesses, and the duration and extent to which this
will impact our future results of operations remains uncertain. (6)
If our security measures for our products and services are
compromised and as a result, our data, our customers' data or our
IT systems are accessed improperly, made unavailable, or improperly
modified, our products and services may be perceived as vulnerable,
our brand and reputation could be damaged, the IT services we
provide to our customers could be disrupted, and customers may stop
using our products and services, any of which could reduce our
revenue and earnings, increase our expenses and expose us to legal
claims and regulatory actions. (7) Our business practices with
respect to data could give rise to operational interruption,
liabilities or reputational harm as a result of governmental
regulation, legal requirements or industry standards relating to
privacy and data protection. (8) Economic, political and market
conditions can adversely affect our business, results of operations
and financial condition, including our revenue growth and
profitability, which in turn could adversely affect our stock
price. (9) If we are unable to compete effectively, the results of
operations and prospects for our business could be harmed. (10) Our
international sales and operations subject us to additional risks
that can adversely affect our operating results. (11) We are
susceptible to third-party manufacturing and logistics delays,
which could result in the loss of sales and customers. A detailed
discussion of these factors and other risks that affect our
business is contained in our SEC filings, including our most recent
reports on Form 10-K and Form 10-Q, particularly under the heading
"Risk Factors." Copies of these filings are available online from
the SEC or by contacting Oracle's Investor Relations Department at
(650) 506-4073 or by clicking on SEC Filings on the Oracle Investor
Relations website at www.oracle.com/investor/. All information set
forth in this press release is current as of June 13, 2022. Oracle undertakes no duty to
update any statement in light of new information or future
events.
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SOURCE Oracle