Strong Cloud Growth Expected in Oracle's Q4 Results

Oracle guides total revenue growth in the fourth quarter to range from 1% to 6%. The on-premise software and cloud business, including support revenues, is expected to grow by 2% to 6%. This includes revenues from Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), and Infrastructure-as-a-Service (IaaS), each of which are guided to expand at around 30% year on year in the fourth quarter. Revenue growth in the hardware business is guided to range from negative 2% to positive 8%. Non-GAAP ...