- Presenting at the Goldman Sachs Technology and Internet Conference in San Francisco, Oracle (ORCL) co-CEO Mark Hurd notes the company "sold more cloud recurring revenue than anyone in the industry, bar none," while also highlighting expectations for its NetSuite business and applications growth to expand rapidly.
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On Amazon (AMZN): "Amazon's infrastructure, to be very blunt, is old. Ours is newer and fresher."
- While Oracle did record greater total cloud revenue growth (62% to $1.053B) in its most recent quarter relative to Amazon (47% to $3.563B), the company remains in pursuit of a position alike those of Amazon, Microsoft and others ahead in an evolving cloud space.