Oracle ORCL is making a bold push into the cloud, positioning it as the cornerstone of its next growth phase. In the fourth quarter, total cloud revenues climbed 27% year over year, contributing to a ...

Oracle Corp. today disclosed that it has won a cloud contract worth more than $30 billion annually. Shares of the company jumped almost 9% on the news at one point. It ended the trading session up 4%.

IT buyers like the operational flexibility that the public cloud provides. Capital expenditures go away. OpEx becomes predictable. Resources are available on-demand, with near-endless scalability.

Oracle has recently laid off over 150 employees from its cloud division, primarily affecting professionals in the Seattle area. This restructuring is aimed at managing the rising costs associated with ...

Oracle Corp.’s ORCL cloud-services agreements have positioned the company as a leading force in the hyperscale cloud industry, according to analysts. The deals, which could add over $30 billion in ...