Thursday, August 11 2022

AUSTIN, TX, July 8, 2022 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) will welcome customers and partners to the industry’s premier 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 strategy sessions, and comprehensive hands-on training opportunities, Oracle CloudWorld is the place for business and IT leaders to learn how to create and maintain a competitive advantage.

With Oracle CloudWorld on the horizon, Oracle’s cloud business is gaining momentum. During the last fiscal quarter ending May 31, 2022total cloud revenue (IaaS plus PaaS) increased 19% in USD, 22% in constant currency to $2.9 billion. Infrastructure cloud (IaaS) revenues were $792 million, up 36% in USD and 39% in constant currency. Fusion ERP cloud (SaaS) revenues were $569 million, up 20% in USD and 23% in constant currency. NetSuite ERP cloud (SaaS) revenue was $574 million, up 27% in USD and 30% in constant currency. Other SaaS revenue from $955 millionup 4% in USD and 7% in constant currency.

“As we prepare to welcome our customers to Oracle CloudWorld in Vegas this fall, I’m thrilled with the strong growth we’ve seen across our portfolio of cloud applications and infrastructure,” said Oracle CEO, Safra Catz. “We look forward to helping customers of all sizes and in all industries discover even more ways to generate revenue, maximize profitability, and improve their business with Oracle Cloud.”

Sign up for Oracle CloudWorld.

About Oracle

Oracle offers integrated application suites and a secure, self-contained infrastructure in Oracle Cloud. For more information about Oracle (NYSE: ORCL), visit oracle.com.

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Oracle, Java and MySQL are registered trademarks of Oracle Corporation.

Safe Harbor Statement: The statements in this press release regarding 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 significant risks and uncertainties. Many factors could affect our current expectations and actual results, and could cause actual results to differ materially. We currently consider the following to be among the important factors that could cause actual results to differ materially from expectations: (1) Our success depends on our ability to develop new products and services, integrate acquired products and services and to improve our existing products and services. (2) Our cloud strategy, including our Oracle Cloud Software-as-a-Service and Oracle Cloud Infrastructure offerings, may negatively impact our revenue and profitability. (3) We may encounter significant coding, manufacturing, or configuration errors in our cloud, licensing, and hardware offerings. (4) Acquisitions present many risks and we may not achieve the financial and strategic objectives contemplated at the time of the transaction. (5) The COVID-19 pandemic has affected the way we and our customers operate our respective businesses, and the duration and extent of the impact on our future results of operations remain uncertain. (6) If our security measures for our products and services are compromised and as a result our data, customer data or IT systems are inappropriately accessed, made unavailable or inappropriately 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 interrupted, and customers could stop using our products and services, which could reduce our revenues and profits, increase our expenses and cause us to expose you to legal action and regulatory action. (7) Our data business practices could result in disruption of operations, liability, or reputational damage due to government regulations, legal requirements, or industry standards relating to privacy and protection. Datas. (8) Economic, political and market conditions may adversely affect our business, results of operations and financial condition, including revenue growth and profitability, which in turn could affect unfavorable to our share price. (9) If we are unable to compete, the results of operations and prospects of our business could be adversely affected. (10) Our international sales and operations subject us to additional risks that may adversely affect our results of operations. (11) We are sensitive to third-party manufacturing and logistics delays, which could result in lost sales and customers. A detailed discussion of these factors and other risks affecting our business is contained in our filings with the SEC, including our most recent reports on Forms 10-K and 10-Q, in particular 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 SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/. All information in this press release is current as of June 13, 2022. Oracle assumes no obligation to update any statement in light of new information or future events.

SOURCEOracle

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