Oracle now embracing the cloud in results
Grazed from MarketWatch. Author: PR Announcement.
Oracle Corp. surprised investors with a new business category in its quarterly results Thursday, “cloud software subscriptions,” in an amusing turnaround for its chief executive, Larry Ellison.
Ellison has often poked fun, especially at the company’s user conference, at the term “cloud computing.” In an interview at the AllThingsD event last May, Kara Swisher asked why he resisted the term. “I objected to people saying, “Oh my God, we just invented cloud computing,” Ellison commented, adding that moving the complexity of the desktop to Internet servers had been recast as cloud computing. He did acknowledge that he thought the term was a “charismatic brand.” See: Oracle’s Larry Ellison at D10 and the dogfight in the cloud…

