Oracle continues to inch forward in the “cloud wars”—a race for dominance in the cloud services business. While rivals like AWS and Microsoft still lead, Oracle’s cloud revenue rose 45% to $3.6 billion in the first quarter of its fiscal 2023, and Catz has noted that cloud now accounts for more than 30% of total revenue. Oracle also recently inked key deals like its contract with TikTok and its acquisition of health records company Cerner.">