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Refer few below Documents :
FAQs on Cloud : https://cloud.oracle.com/faq#goto_2
Basic question is "Are you end consumer of cloud services or Are you cloud service provider to clients ".
Considering EBS on cloud, as I stated in another forum R12.2.x is ideal with cloud solution. You can also go with fusion application also.
While renting CPU/Memory -- would be part of infra.
Thanks Chi and Harsha,
So the oracle clound IAAS and PAAS are not intended for EBS suites? But it is for developers that create new applications that will be developed in-house?