Software giant Oracle is projecting its cloud business will power them to reach $65 billion in sales by 2026, Bloomberg reported Oct. 20.
In order to reach these sales targets, Oracle would need to grow annually by 11 percent, according to Bloomberg Intelligence Analyst Anurag Rana. The announcement comes as the company looks to modernize its EHR product offerings.
The company completed its $28.4 billion acquisition of EHR company Cerner in June.
Bloomberg analysts predict that Oracle will reach $49.6 billion in sales by the fiscal year end in May 2023.