Oracle earnings look promising, but why the IaaS obsession?

Oracle has had another positive quarter as it navigates the complicated waters of business transformation, but it’s still a long way from kicking IaaS.
It would appear the team has turned the corner, making its entry into the digital economy, as co-CEO Safra Catz predicts cloud revenue will be larger than new software license revenue over the next twelve months. Indeed, it has been a healthy quarter for the cloud business unit with total revenues standing at $1.2 billion, up 86% from last