Ellison said during the announcement at the White House. Oracle said it has more than $130 billion in remaining performance obligations after signing $48 billion in contracts during the period.

Ellison said during the announcement at the White House. Oracle's cloud and on-premises licenses business contributed $1.1 billion in revenue during the quarter, down 10% year over year.

However, after migrating to Azure, "all these teams are gone." Even transaction systems that once required in-house Oracle servers have been moved to managed cloud services. "The new cloud team is ...