Cloud Business

NetSuite deal will help Oracle gain cloud clout

Oracle Corp said on Thursday it would buy NetSuite Inc for about $9.3 billion, a deal that gives it a bigger share in the fast-growing cloud computing business and also means a big payday for billionaire Larry Ellison.

Cloud business boosts Microsoft's quarterly revenue, shares rise

Sharp growth in its commercial cloud computing business helped lift Microsoft Corp's quarterly revenue above Wall Street's expectations, sending the technology company's shares up more than 4 percent in after-hours trading.