Cloud Computing: Ellison touts Oracle’s hardware business
Grazed from GigaOM. Author: Barb Darrow.
Despite the hype around its high-end engineered “Exa” systems, Oracle hardware revenue continued to swoon in the second quarter when it was off 23 percent year over year. But, CEO Larry Ellison said that the company has just about turned the corner.
Oracle must be really worried about its hardware business. In its second quarter earnings release, the company trotted out a canned quote from CEO Larry Ellison to defend hardware’s honor. Said Ellison: Sun has proven to be “one of the most strategic and profitable acquisitions we have ever made.” Oracle bought Sun Microsystems for $7.4 billion three years ago…

