11 Best Publicly Traded Cloud Computing Companies

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7. Oracle Corporation (NYSE:ORCL)

The number of funds from our database bullish on Oracle Corporation (NYSE:ORCL) jumped to 56 from 49 during the first quarter. Subsequently, the total value of their holdings advanced to $6.77 billion from $5.60 billion. During an earnings call last year, the company’s Executive Chairman and CTO Larry Ellison confirmed Oracle’s commitment to cloud and the results are already showing. According to Oracle’s latest 10-Q report, its SaaS and PaaS segments are in fast-growing mode, having registered revenue of $1.01 billion in the company’s fiscal third quarter ended February 2017, almost double the $583 million figure of a year earlier. During the conference call, Oracle Corporation (NYSE:ORCL)’s CEO, Safra Catz, said that she expects that the company’s cloud revenue will be even larger next year, thanks to new software license revenue.

Oracle ORCL

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