“Though we will continue to invest in growth, we should benefit from economies of scale of running our cloud business as it gets larger.”

In context

“stomer consumption revenue, which was up 108% and autonomous database, which was up 29%. License revenues were $2.5 billion, up 25% in constant currency led by database sales for use in the cloud by major application cloud SaaS companies. As a result our database business had an exceptional quarter with total database revenue up double digits. So all in, total revenue for the quarter were $11.8 billion, up 10% in constant currency. Operating expenses were up 11% as we continue to invest to meet growing demand for our cloud services. For the quarter, the gross margin for cloud services and license support was 82% and the gross profit dollars grew 4%. The full year growth of this gross profit was 4% higher than the 2% we saw last year, and I expect it will be significantly higher in FY '23. Though we will continue to invest in growth, we should benefit from economies of scale of running our cloud business as it gets larger. You should keep in mind that our fundamental principle going forward is to grow non-GAAP EPS while accelerating cloud revenue growth. Non-GAAP operating income was $5.6 billion, up 8% from last year, and the operating margin was 47%, once again higher than all of our competitors. And even while we've been investing aggressively for growth, we've maintained our financial discipline. The non-GAAP tax rate for the quarter was 10.1 and below our base tax rate of 19% as we received a benefit from the resolution of some tax matters in Q4. EPS was $1.54 in U.S. dollars, up 7% in constant currency, unchanged in USD. GAAP EPS was $1.16, down 8% in constant currency, down 15% in USD. Now for the -- let me go through the full fiscal year, though I've given you some full year numbers so far every onc”