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Coronavirus no match for Oracle's Larry Ellison

from SDX Central

Oracle beat expectations during its fiscal third quarter of 2020, and recently reported $9.8 billion in revenue, a 2% increase compared to last year and its strongest growth in nearly two years. On a conference call with investors, Oracle CEO Safra Katz called it a “remarkable quarter” fueled by Oracle’s subscription revenue, which includes cloud services and software updates. “The quarter demonstrated the acceleration of revenue that I’ve been forecasting,” she said, according to a Seeking Alpha transcript. “Those subscription revenues for the quarter were $6.9 billion, up 5% and accounted for nearly 71% of total company revenues, up from 69% last year. License revenues were $1.2 billion, the same as last year.” more

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