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Oracle co-CEO Catz expects acceleration in cloud business

April 16, 2018

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TEL AVIV (Reuters) – Oracle Corp co-CEO Safra Catz said on Monday she expects an acceleration in the company’s cloud business after the software maker last month reported sales from its cloud business that fell short of Wall Street expectations.

Catz told reporters in Tel Aviv that the company’s cloud business was impacted by a new model made available to customers three quarters ago that resulted in much higher than projected license growth.

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