Revenue from the Fusion and NetSuite Cloud ERP apps grew 33% and 21%, respectively, in Q2 as the shift to remote work continued.
The move allows it to focus on its hybrid cloud business.
Growth in Oracle's cloud-computing business, however, still lags behind rivals such as Workday and Salesforce.
Cloud subscriptions and support revenue rose 39% in Q3 but SAP is experiencing some customer resistance to its shift to the cloud.
Shares of the Seattle-based sales tax automation company soar after pricing at $24 per share on Wednesday.
The company's shares drop more than 7% after its guidance for fourth-quarter cloud revenue misses analysts' expectations.
Private-equity giant Thoma Bravo cites the "increasingly prevalent, hostile, and complex threat environment" in acquiring the data security software firm.
The software giant reported cloud revenue rose 59% in the first quarter but the higher-margin software licensing business continues to sag.
The third company Barry Zwarenstein has taken public, Five9, plants its stake in cloud-based call centers.
