Forbes December 21, 2023
Oracle announced its quarterly results last week, posting a Q2 total revenue of nearly $12.9 billion, indicating a year-over-year increase of nearly 5%. The company impressed investors across numerous lines of business, most notably in cloud revenue, up nearly 25%.
One key area that investors and Wall Street have been keeping a close eye on is the technology giant’s work with Cerner, which was acquired by Oracle in 2021 for nearly $28 billion. Since then, the company has continued to invest significant resources into Oracle Health, offering customers a variety of tools that can help optimize clinical workflows, better manage healthcare data infrastructure, and generate data-driven insights, among others. At its core, Cerner is one of the most widely used...
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