Oracle Corp.’s push into cloud computing is picking up momentum, sparking a fourth straight quarter of revenue gains for the software maker.
The company, which set a record closing high Wednesday for its shares, reported total sales that easily topped analysts’ estimates. Oracle’s cloud businesses grew 58 percent in the fiscal fourth quarter. Meanwhile, new software licenses, a measure that’s tied to the company’s traditional on-premise software offerings, declined 5 percent compared with a drop of 16 percent in the previous period.
