Oracle to boost cloud investments after a strong quarter
CIO Business Intelligence
JUNE 14, 2022
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, announced on December 20, is expected to play a pivotal role in shaping the company’s healthcare suite.
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