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Oracle provides products and services that address build, run and support enterprise information technology (IT) needsframeworks. Our products and services include enterprise applications and infrastructure offerings that incorporate and are enhanced by artificial intelligence (AI) technologies, including embedded AI-driven automation and analytics and generative AI capabilities. These offerings are delivered worldwide through a variety of flexible and interoperable IT deployment models. These models include on-premisecloud-based, cloud-basedon-premise and hybrid deployments. It is an important element of our corporate strategy , such as Oracle Exadata Cloud@Customer and multicloud options that enable customers to use Oracle cloud offerings in conjunction with other public clouds. We provide choice and flexibility to Oracleour customers as to when and how they deploy Oracle applications and infrastructure technologies. We believe that offering customers broad, comprehensive, flexible and interoperable deployment models for Oracle applications and infrastructure technologies is important to our growth strategy and better addresses customer needs relative to , an important element of our competitors, many of whom provide fewer offerings, more restrictive deployment models corporate strategy and less flexibility for customers transitioningbetter addresses customer needs relative to cloud-based IT environmentsour competitors.