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Oracle Launches New Cloud Product to Address Developer Needs

Oracle (ORCL) knows that it is way behind in the cloud services market and it needs to do something dramatic to address this issue. According to Synergy Research Group, Amazon (AMZN), Microsoft (MSFT), IBM (IBM), Google (GOOG), and Alibaba (BABA) are the top five players in the cloud services market as of Q3 2018.