Oracle to invest $2.4 billion quarterly in cloud infra as demand grows in triple digits
Oracle on Monday said it will continue to invest $2.4 billion per quarter in its cloud business, which accelerated 48% in the second quarter, helping the company revenue grow 25% year-on-year, without accounting for currency fluctuations. Cloud services as a category, according to CEO Safra Catz, has been growing faster than license support. The company…