Oracle's cloud business is still growing


Oracle

shares rose late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in moving more of its business to the cloud during the period.

“Simply put, we had an exceptional quarter,” Oracle CEO Safra Katz said on a call with analysts. “More and more customers are recognizing our second-generation infrastructure cloud as better engineered for higher performance, better security and unmatched reliability” compared to other cloud providers.

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