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CLAIM #47182 · ORCL (ORCL) · 2023Q1 earnings call · Sep 12, 2022 · due May 31, 2023

And that means we're going to be -- we are going to be half to -- half to be adding a lot of data center capacity and opening a lot of new data centers and we're doing that.

Lawrence Ellison · Chairman and CTO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
we are going to be half to -- half to be adding a lot of data center capacity and opening a lot of new data centers and we're doing that
Reported
We now have 42 public cloud regions around the world with another 7 being built.

In context

ter the deal just closed with some hospital networks, we heard from significantly expanding their existing contracts. Can you talk about the unique value you're able to deliver now that Cerner is a part of Oracle and the broader expansion opportunity that you see ahead. And if I could just sneak in one for you as well, Safra $1.7 billion in CapEx and q1 is a pretty big number. And I know very well that you don't spend frivolously What can you tell us about the big step up here? Larry Ellison: Okay, I'll go first, let's have a bug with 1.7 CapEx is there's just so much demand. Safra mentioned we have more data centers in more countries and in more cities than either Amazon, or AWS. And we're expanding because the demand is there. We expect to be growing in the 50% range for cloud services. And that means we're going to be -- we are going to be half to -- half to be adding a lot of data center capacity and opening a lot of new data centers and we're doing that. The fact that we're running in Oracle Cloud data centers running half of Tokyo Stock Exchange, as the other cloud vendors, how many stock exchanges they run. The -- our stuff is very secure, it's very reliable, it's very performance, it's very, very cost effective. And therefore we have huge opportunity, therefore, we're spending the money to expand. We have a huge opportunity for growth, and we're not going to miss it. But we're still going to be as you know, Safra is very cautious. We're very, we're always very cautious. We pay a lot of attention to profitability. But we also have to pay attention to the top line, as well as the bottom line and take advantage of this growth opportunity. And I think there was a second part of the question that [indiscernible]. Brad Zelnick: Cerner, he as

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SEC filings for ORCL · Claim quote is verbatim from the 2023Q1 earnings call.