Oracle has announced its earnings for Q1FY13, with total revenues down 2% to around $8.2 billion. While software revenues grew marginally, the hardware and services revenue was down significantly, weighing down on overall revenue growth.
Its operating income increased 7% to more than $2.8 billion, while its net income jumped up to $2 billion.
With its new acquisitions and product roadmap, Oracle seems to be focused on dominating the cloud-based software space.
Oracle CEO, Larry Ellison, said:
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