“we expect organic growth for our fiscal year 2023 cloud revenues will be over 30% in constant currency.”

In context

“he value of an end-to-end integrated stack of applications, both horizontal, like ERP and HCM and supply chain, and industry-specific applications that focus on their industries. And all of it is on our Gen 2 infrastructure, which is designed perfectly for them as they move through. As customers increasingly look to better value out of their technology investments, many discover that Oracle is much better compared to other alternatives. Gartner formerly recognized OCI by moving us to Visionary status in its cloud infrastructure and platform services report for the first time. In addition, last week, we were awarded a JWCC award at the U.S. Department of Defense as they also recognized our capabilities. As all of these differentiators come together and our business continues to accelerate, we expect organic growth for our fiscal year 2023 cloud revenues will be over 30% in constant currency. Now to the numbers. As always, I’ll discuss our results using constant currency growth rate. To provide a full picture, both organically and otherwise, I’m going to go over the revenue results, including Cerner, and then some of the revenue results excluding Cerner, so you can see what’s going on. Total cloud revenue, now that’s SaaS and IaaS, including Cerner, was $3.8 billion, up 48% in constant currency with IaaS revenue, $1.1 billion, up 59% and SaaS revenue of $2.8 billion, up 45%. Now, excluding Cerner, total cloud revenue, SaaS plus IaaS was up 27% in constant currency at $3.3 billion. Total cloud services and license support revenue for the quarter, including Cerner, was $8.6 billion, up 20% in constant currency, driven again by our strategic cloud applications, autonomous databas”