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CLAIM #47221 · ORCL (ORCL) · 2023Q3 earnings call · Mar 9, 2023 · due Mar 9, 2024

And I think you'll see us -- and that's going to be a huge area of growth for us.

Lawrence Ellison · Chairman and CTO

PENDING
graded after results covering Mar 9, 2024 are reported

In context

they sell it into financial services in Japan. But that's an OCI data center that we built for Nomura, where they're reselling the capabilities. Vodafone is again another example of someone who were building dedicated data -- these are OCI data centers that we run there. In our constellation of data centers, they look like all the other OCI data centers. They're automated like all the other OCI data centers. So we take advantage of those economies of scale and that skilled labor that runs them. And a lot -- again, a lot of it is AI, but a lot of it we still have human beings. We've done that for Vodafone. Same thing with DISH Network's entry into telephony is enabled by similar architectural approach using OCI. I can go on and on. But we have -- but it's one of our industries of emphasis. And I think you'll see us -- and that's going to be a huge area of growth for us. As telcos, we've always been very strong in telcos. And now they're beginning to move to the cloud. And we're seeing some major commitments from some of our largest customers around the world. We're also seeing financial services companies take a slightly different point of view, but where they want to keep things, if you will, "on-premise." But since we can build an OCI region and dedicate it to a bank, there we're doing more, if you will, call it, clouded customer where we built a dedicated region for a financial service. Nomura was an example, Nomura in Japan, but there are other examples. We build these clouds for banks. So I mean, huge industries moving to the cloud in a slightly different way than other industries, not moving to public cloud, but rather preferring to have these ded

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SEC filings for ORCL · Claim quote is verbatim from the 2023Q3 earnings call.