Cloud, SaaS boost Oracle sales, but competition exacts costs
CIO Business Intelligence
MARCH 11, 2022
While overall revenue including services and license support rose 4% year over year to reach $10.5 billion, net income plunged 54% to $2.3 Big reasons for the decline were operating expenses for cloud services and license support, which increased 23% to $1.3 R&D, service expenses increase. billion.
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