An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, U.S., October 18, 2019. REUTERS/Tom Brenner
Its cloud services and license support unit, which accounts for more than half of its revenue, grew 4% to $6.93 billion in the third quarter. The cloud business has seen a surge as more work shift online, underlining the need to add more centers that cater to the rising demand. Spending on data centers would touch $212 billion in 2021, according to a report by Gartner.
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