Oracle Corporation (NYSE:ORCL) is heavily focusing on Cloud platform amid the intense growth of Cloud related infrastructures in the Enterprise. Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) are now emerging towards Anything-as-a-Service architecture which are highly valued by Oracle Corporation (NYSE:ORCL). On Sunday, Oracle Corporation (NYSE:ORCL) kicked of its Oracle OpenWorld expo in San Francisco. Speaking at the event, chief technology officer of Oracle Corporation (NYSE:ORCL), Larry Ellison explained some future prospects of the company and how it is a step ahead from salesforce.com, inc. (NYSE:CRM), Zdnet reported.
Ellison said that Oracle Corporation (NYSE:ORCL) promised its users about Cloud platforms 30 years ago. He said that Oracle has currently the best SaaS portfolio in the industry. He also mentioned Oracle’s biggest competitor, salesforce.com, inc. (NYSE:CRM). Ellison admitted that Salesforce helps the people take a great advantage from Cloud and database. But Oracle Corporation (NYSE:ORCL)’s reference databases and tools equip its users with a plethora of options to discover new opportunities to grab new customers and have a clear data insight, touted Ellison.
The source added that Oracle Corporation (NYSE:ORCL) recently launched its Data-as-a-Service Cloud layer which is fixated on giving most out of the social campaigns to its users. The company is also introducing many new layers n SaaS platforms.
According to Ellison, Oracle Corporation (NYSE:ORCL) is competing with salesforce.com, inc. (NYSE:CRM) successfully for the first time. It has got 2,000 new SaaS customers in the last year. The company is also selling more HCM than anybody in the industry, said Ellison.
Apart from Cloud, Oracle Corporation (NYSE:ORCL) is also focusing on its database services. The OpenWorld Expo event is completely focusing on Oracle’s new database services and their integration with Cloud layers. Ellison said that users can now move any application to Oracle Corporation (NYSE:ORCL)’s Infrastructure-as-a-Service Cloud layer.
Boykin Curry’s Eagle Capital Management owns around 45.23 million shares in Oracle Corporation (NYSE:ORCL).
Free Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.
Suggested Articles:
