By Reuters Staff
TEL AVIV, April 16 (Reuters) – Oracle Corp co-CEO Safra Catz said on Monday she expected an acceleration in the companýs cloud business after the software maker last month reported sales from this business that fell short of Wall Street forecasts.
Catz told reporters in Tel Aviv that the companýs cloud business was impacted by a new model made available to customers three quarters ago that resulted in much higher than projected licence growth.
“That makes the appearance of a lower number (for the cloud business) even though money is actually coming into another bucket,” Catz said.
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