- Last updated September 10, 2024
- In AI News
Oracle announced robust fiscal 2025 Q1 results, with total revenues reaching $13.3 billion, a 7% increase year-over-year in USD and 8% in constant currency. The company’s cloud services revenues surged 21% in USD and 22% in constant currency to $5.6 billion, driven by substantial gains in both cloud infrastructure and applications.
Oracle’s CEO, Safra Catz, said the company’s expanding cloud services as a key driver of growth. “As Cloud Services became Oracle’s largest business, both our operating income and earnings per share growth accelerated,” said Catz.
Additionally, Oracle recently partnered with AWS, following its partnerships with Microsoft Azure and Google Cloud.
“But the biggest news of all was signing a MultiCloud agreement with AWS—including our latest technology Exadata hardware and Version 23ai of our database software—embedded into AWS cloud datacenters. AWS customers will get easy and convenient access to the Oracle database when we go live in December later …