Oracle on Monday said it will continue to invest $2.4 billion per quarter in its cloud business, which accelerated 48% in the second quarter, helping the company revenue grow 25% year-on-year, without accounting for currency fluctuations.
Cloud services as a category, according to CEO Safra Catz, has been growing faster than license support. The company expects cloud infrastructure (IaaS) margins to improve in the coming quarters.
“Capex this quarter was 2.4 billion as we continue to invest in our cloud to meet this accelerating demand,“ Catz said during an earnings call, according to a transcript from Motley Fool. “We now expect to spend about this amount per quarter for the next few quarters as we build capacity for our customers’ needs.“
