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What’s the Outlook for Oracle’s Application Business?

What’s the Outlook for Oracle’s Application Business?

Its enterprise resource planning and human capital management products have continued to see huge demand across different industries, driving its business and boosting its client base. In the last five quarters, Oracle’s software license updates and product support business have grown at a compound annual rate of 1.4%, whereas its overall on-premises software business has grown at a compound annual rate of 1%.