6 October, 2014
Oracle Dives Into Cloud (Again), And This Time It Really Means It
At Oracle OpenWorld last week, Oracle CEO — er CTO and Executive Chairman Larry Ellison — once again vowed that his company will be king of cloud — in SaaS, Paas, IaaS — you name it.
That’s a tall order but one coming from a company flush in resources which has shown itself willing to buy into new markets. And Ellison and co-CEOs Safra Catz and Mark Hurd trotted out news that Oracle now offers its flagship Database as a Service. Ditto Java as a Service. As for those resources, 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. See what I mean?
For a CEO who once pooh-poohed cloud computing as a relabeling of older time-share technology, Ellison’s gotten with the program for real now. (And to be fair, he was right that today’s SaaS is suspiciously like the application service provider (ASP) wave of years ago.)