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FINANCIAL NEWS
Oracle’s revenues for full year grow 33%
22 Jul 2017
(MENAFN) Oracle’s revenues for the fourth quarter had grown by 56% on quarterly basis, and 33% for the fiscal year.
Arun Khehar, senior vice-president for applications business at Oracle ECEMEA said said: ‘We expect the numbers to go even higher this fiscal year. Moreover, the new regional requirements from the customers for VAT because people have to add on workflows, feature and functions on products to be cloud ready.’
And he added that cloud is a big deal as many companies have old infrastructure and there is a need for innovation.
MENAFN2207201700450000ID1095647351
MENAFN2207201700450000ID1095647351
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