Oracle hits revenues of $40.5bn in FY2021 but cloud growth remains slow

Oracle has exceeded expectations and posted strong growth in its fiscal fourth quarter and fiscal full-year 2021 results. Revenues were up four per cent to $40.5bn (€33.8bn) for its fiscal FY2021, while GAAP operating income grew by nine per cent to $15.2bn (€12.7bn).  Quarterly revenues also rose eight per cent year on year to $11.2bn (€9.3bn), with GAAP operating income climbing five per cent to $4.5bn (€3.7bn).  The vendor's cloud services and license support figures accounted for...