When an industry is being disrupted, the way that cloud computing is
upending the technology business today, established companies like
Oracle are supposed to hedge their bets and cling to their old ways.
Instead, what was striking about Oracle’s Q4 FY2015 earnings call
last week was the unequivocal way Oracle’s top three executives
described the company’s cloud computing shift, as well as how fast its
customers are adopting Oracle’s broad cloud software, platform, and
“I would not trade the cloud revenue for the license revenue, as
cloud revenues and cloud bookings mean significantly more in revenues
and earnings over time,” Oracle CEO Safra Catz said.
Oracle Executive Chairman and CTO Larry Ellison described cloud as “a much better business for us.”
Read the reasons why in the full Forbes article