Currency Headwinds Dampen Rapid Growth of Oracle's Cloud Business in Q4

Adverse foreign currency movements hammered Oracle's revenues in the fourth quarter. Consequently, its total revenues contracted by 5% year on year in the fourth quarter, but grew by 3% year on year in constant currency terms. Oracle's full year revenues stood at $38 billion in fiscal 2015, which is essentially the same as the previous year. The over-30% growth achieved by Oracle's cloud business in fiscal 2015 was wiped out by lower revenues from sales of on-premise software licenses and the de...