Oracle is investing $10B to expand its data center footprint as the database giant embraces cloud-based infrastructure and software services that have become its dominant business segment.
In an earnings report for the three-month period that ended on Feb. 29, Oracle CEO Safra Catz disclosed that the Austin, TX-based company plans to spend $10B to build out its data center capacity in the next year to service burgeoning demand driven by the explosive growth of GenAI.
"This quarter marks the first time our total cloud revenue is more than our total license support revenue," Catz said during an earnings call. "We have crossed over."
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