Oracle to move Silicon Valley headquarters to Texas

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Cloud major Oracle has announced to move its California-based headquarters to Austin, Texas and cited flexibility of employee work as the key reason behind the decision. The decision came a day after the company posted revenues of $9.8 billion in its fiscal second quarter, a growth of two per cent (on-year) and Cloud services and licence support revenues were up four per cent to $7.1 billion.

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Cloud major Oracle has announced to move its California-based headquarters to Austin, Texas and cited flexibility of employee work as the key reason behind the decision. The decision came a day after the company posted revenues of $9.8 billion in its fiscal second quarter, a growth of two per cent (on-year) and Cloud services and licence support revenues were up four per cent to $7.1 billion.

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