Cloud Computing: Oracle To Dethrone SaaS Leader Salesforce By Year’s End

Grazed from PYMNTS.  Author: Editorial Staff.

Oracle’s cloud services may account for just 5 percent of its revenue today, but the company plans to be the world’s largest cloud service provider by the end of the year. In an interview with India’s Business Today, Oracle Senior Vice President Shawn Price told reporters that the company will aim to surpass current cloud computing leader Salesforce by the end of 2015, with a goal of $2.5 billion in revenue.

Price’s hiring at Oracle came just six months ago, when he worked at B2B software giant SAP. His experience, the executive said, will allow Oracle to view cloud services from a different angle from what has been the norm up until now…

For example, businesses in the Software-as-a-Service market approach cloud services either as a service or as a product of infrastructure. “But really what nobody is doing is taking 400,000 customers of on-premise work, upgrading them as a unit of work to the cloud for SaaS and extending them with Platform-as-a-Service and, quite candidly, some stuff there is no shortcut for,” Price said…

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