https://www.cnbc.com/2021/09/13/oracle-orcl-earnings-q1-2022.html
“Cloud is fundamentally a more profitable business compared to on-premise, and as we look ahead to next year, we expect company operating margins will be the same or better than pre-pandemic levels,” Catz said. Oracle does not disclose revenue or operating income from cloud infrastructure or cloud applications.
And if the cloud does not become profitable, they will improve their "operating margins" by screwing over their employees.... no bonuses for you... no raises for you.... layoffs for you, etc. You can do anything if you don't disclose the real numbers. They can make it look like they are gaining by just cutting back.