NEW YORK: Oracle Corp is reporting better-than-expected bookings and announced partnership deals with tech rivals, giving a boost to chairman Larry Ellison’s effort to redefine the software maker as a major competitor in the business of cloud computing. The shares hit a record high.
The company, known for its database software, is focused on expanding its cloud infrastructure unit – which rents computing power and storage – to compete with Amazon.com Inc, Microsoft Corp and Alphabet Inc’s Google.
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