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.
Complete our SAP x Data Natives CDO Club survey now, and help us to help you
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.
Read more here.
(Image credit: Peter Kaminski)