"Our pivot to the cloud is now clearly in full swing," Oracle co-CEO Safra Catz says.
Total second-quarter revenue missed estimates as Oracle's “public cloud” infrastructure sales grew only 6%.
The strong growth is being driven by the shift away from legacy IT as organizations pursue a digital business strategy.
Companies that want to adopt cloud computing have a host of choices to make and concerns to address.
Finance departments will invest heavily in cloud computing and mobile technologies in the coming year.
