The demand for cloud infrastructure combined with the rise in sales of SaaS services boosted Oracle’s fourth quarter revenue for fiscal year 2022, but the acquisition of healthcare tech company Cerner has chalked up a debt of $15.8 billion.
During a call with analysts after the results were announced on Monday, Oracle CEO Safra Catz said that she expected capital expenditure to grow during the next fiscal year to meet the demand in cloud services.
