Oracle Exec and CTO Larry Ellison Gives a Flavour of Oracle’s Cloud and Database Ambitions at Last Week’s OpenWorld

Eileen McNulty · October 7, 2014

0 1 848

Larry Ellison, CTO and Executive Chairman for Oracle, revealed Oracle’s cloud plans in last week’s OpenWorld show and simply put, Oracle wants to lead.

Barb Darrow, senior writer at Gigaom reports, that abound in resources Oracle is game to buy into new markets. Ellison and co-CEOs Safra Catz and Mark Hurd revealed that Oracle now offers its flagship Database as a Service. “Oracle had about $51.6 billion in cash on its balance sheet for the most recent quarter. Over the last 12 months, it logged $35.8 billion in revenue and gross profit of $31.04 billion,” reports Darrow.

Ellison is known to have not been keen on adoption of cloud in the not-so distant past. However, as far as Database goes experts believe that even though customers can access Oracle databases on AWS, “what Ellison announced Sunday night is the ability to easily move existing on-premises instances of Oracle Database 11g and 12c to the cloud. That is impressive, and once Oracle Database shops decide to move to the cloud, I think it will be a primary option,” explains SearchOracle.com’s Mark Fontecchio.

Darrow notes, that although conventionally Oracle is database in a lot of financial services and other big enterprises but that’s a “legacy– albeit extremely large market”. What might grow to a problem is that startups might be the giants of tomorrow and Oracle is no more the natural database choice.

Oracle has the following cloud solutions:

Oracle ERP Cloud which includes Oracle Financials Cloud, Oracle Procurement Cloud, Oracle PPM Cloud
Oracle Supplier Qualification Management Cloud
Oracle Encumbrance Accounting and Budgetary Control for Public Sector
Oracle Grants Management Cloud
Oracle Enterprise Performance Management

Brian Sommer, contributer at ZDNet, says Ellison pointed out that the size of cloud application coverage has grown. Oracle has cloud suites (not just individual applications) in the HCM, Financials, EPM (enterprise performance management), Supply Chain and ERP spaces.

The Author

Eileen McNulty

Eileen McNulty-Holmes is the Head of Content for Data Natives, Europe’s largest data science conference. For the past ten years, they have written, edited and strategised for companies and publications spanning tech, arts and culture. With a core focus in journalism and content, Eileen has also spoken at conferences, organised literary and art events, mentored others in journalism, and had their fiction and essays published in a range of publications. They are passionate about amplifying marginalised voices in their field (particularly those from the LGBTQ community), AI, and dressing like it’s still the ’80s