Oracle's Q1 revenue of $13.3 billion surpassed analyst expectations, driven by significant deals and a new partnership with AWS for cloud services.
CEO Safra Catz highlighted an outstanding quarter, with net income rising 22% to $2.9 billion and strong cloud revenue growth at 22%.
Catz emphasized the effectiveness of multi-cloud agreements in scaling Oracle's OCI platform and the increasing profitability from automation.
Larry Ellison attributed Oracle's improved financial performance to the high margins and automation provided by their Autonomous Database.
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