Oracle Sees Acceleration in Cloud Revenue Growth

Oracle has long been a major supplier of both relational database systems and enterprise software. The company’s relational database boasts a premium market positioning that offers industry-leading security and stability performance with a higher price tag. Although Oracle Database still plays a dominant role in handling some of the world’s most mission-critical data workflows for financial institutions and government agencies, the company’s influence in the database industry has been slowly declining, especially given the recent rise of open-source and NoSQL options. Meanwhile, Oracle is still in the process of building out its cloud infrastructure, or OCI, and cloud application, or OCA, products. Many Oracle customers are yet to transition from license-based software to cloud-based offerings.