The cloud drives Oracle’s growth. The company presented the fiscal results for the second quarter FY 21, which sell revenues grow 2% year on year. Revenues from cloud services and licensing support increased by + 4%, reaching $ 7.1 billion , while those of cloud and on-premise licenses fell by -3% to 1.1 billion dollars. Cloud applications are driving growth above all: “ Our multi-billion, highly profitable business of Fusion ERP Cloud and NetSuite Cloud applications ERP grew, respectively, by + 33% and by + 21% in the second quarter “- explains Safra Catz, CEO of Oracle -” These two strategic cloud applications businesses are the major contributors to Oracle’s increased operating earnings and steady earnings per share growth. We expect this growth trend rapid market share and continued revenue, as both Gartner and IDC position Oracle’s ERP suite at number one in the cloud “.

Larry Ellison , founder and chairman of the company , he is widely satisfied with the results i, in particular of Gen2 Cloud Infrastructure , which “ is gaining customers and increasing revenues at a rate well above + 100% per year “.

Oracle continues to invest in the cloud

Oracle’s investments in the cloud have led to very positive results, so much so as to push the company to accelerate its expansion plan. By the middle of 2021, three new region clouds will be opened commercial (Dubai, United Kingdom and Chile), bringing the total of the regions to 38. Only in 2020, Oracle opened 13 new regions, recording the fastest expansion of the major cloud providers. Oracle finally announced the next generation of Oracle Exadata Cloud Service in 19 cloud regions and in the Dedicated Region Cloud @ Customer.

“ In Italy, as already noted in Q1 (Editor’s note the period June-August of the Oracle fiscal year), we see a stable growth of the infrastructure cloud and above all a great acceleration of the application cloud, in particular on our SaaS solutions that serve to manage the back-to-back business processes in an agile way. end – such as ERP, supply chain, human resources etc. – which are then the essential implication of the pushed digitization that we have all seen on the commercial front office, connected with the need for support and relaunch of the business dictated by the health emergency “- commented Fabio Spoletini, Country Manager of Oracle It alia – “ We also noticed more generally, a great acceleration on all our data management and analysis technologies, because data-driven initiatives and projects are flourishing, both in the private and public sectors. All this ferment could only testify in favor of Oracle’s new investments in our country: I am pleased to confirm that in the first half of 2021 we will open our new European Cloud Datacenter in Milan, as an integral part of the aggressive cloud roadmap outlined in August by Larry Ellison himself. In addition to existing structures in Europe – in Germany, the Netherlands, Switzerland and the UK – the 2021 will see in fact Oracle will open 3 other cutting-edge cloud datacenters in Sweden, and in Italy and France – in nearby Marseille – within the EU; and – again in the EMEA area – in the Middle East, Israel and South Africa. Our plan is in fact to have 38 datacenters all over the world in the 2021, the fastest growing of all major cloud providers “.