Oracle Meets Revenue Targets on Cerner Boost, Cloud Strength

An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Va., on Oct. 18, 2019. Tom Brenner/Reuters

Oracle Corp. met Wall Street targets for first-quarter revenue on Monday as the enterprise software maker started to reap the benefits of buying healthcare IT firm Cerner.

Demand for its cloud services also remained strong, driving segment revenue up 45 percent to $3.6 billion, including contribution from Cerner.