Oracle Had a Killer Quarter - What Does That Mean for Open Source in the Cloud?
Submitted by The LinuxVAR Team on Mon, 2011-03-28 09:00.
This post is part of our ReadWriteCloud channel, which is dedicated to covering virtualization and cloud computing. The channel is sponsored by Intel and VMware. Read the case study about how IBM helped one client solved its server sprawl problems.
Oracle's sales increased 37% to $8.76 billion last quarter, according to Bloomberg. Cloud computing gets some of the credit for the revenue jump, causing a surge of interest in Oracle's databases and a 29% gain in new license sales.
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