Some time back the tech industry was moving on cloud computing due to its scalability and efficiency.
Deals with some of the biggest names in tech such as OpenAIEB.N and Meta are bolstering its position as a go-to cloud provider.
Oracle, in its most recent fiscal report, reported a 10% increase for cloud services, which amounted to $11 billion.
Oracle is on track to double its data center capacity this year, and triple it next year.
At the same time, Oracle's success reflects the growing importance of cloud computing to how businesses run.
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