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Oracle Gets Off On Its Cloud

Oracle CEO Larry Ellison Addresses Oracle's OpenWorld 2010 ConferenceOracle co-CEO Safra Catz

 

In Oracle’s conference call, Larry Ellison and co-CEOs Mark Hurd and Safra Katz were crowing about how strong Oracle is and that the company is the cloud leader. Its stock shot up to an all-time high of $45.46, but is this just hype? Certainly the numbers looked good, with $1 billion more generated from cloud subscribers, and it is looking at $3 billion per year generated from cloud.

However, is Oracle simply the best, or does management just believe the company is the cloud leader? Microsoft said its cloud segment will be bringing in $4.5 billion, while pure play cloud company Salesforce.com will have $4 billion in the cloud. While some argue that Salesforce has been able to win through acquisitions rather than organic growth, it is hard to argue with the numbers.

With Ellison making confident statements on the conference call such as “Look at our product portfolio? Who wins all of these battles, ”  Safra Catz confident that the company can do “even better, ”  and Mark Hurd saying, “We’re just winning, ” there is little mention by management of weaker performance in other sectors. Total revenues were up just 2% in other segments, and SaaS, PaaS and IaaS were up a mere 3%.

So who is the real cloud winner? Well, it could be Oracle at some point, but management sounds a bit too certain.

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