On June 16, Oracle Corporation released financial results for the fourth quarter of fiscal year 2016, and corporate executives trumpeted the company’s cloud services success. According to the latest report, Oracle’s cloud infrastructure, platform, and software services collectively brought in $859 million for the quarter ending May 31, compared to $576 million for the same period in 2015. Oracle brought in $2.853 billion in revenues for cloud and had an $8.9 billion (£6.07 billion) profit for the year.
