Cloud Computing: Oracle CEO to Offer Faster Databases to Get Growth Back on Track
September 21, 2013
Grazed from BusinessWeek. Author: Aaron Ricadela.
Oracle Corp. Chief Executive Officer Larry Ellison, whose sailing team is trailing Emirates Team New Zealand in the America’s Cup yacht race, is also facing headwinds in cloud-computing and business applications.
To combat that, the world’s biggest database-software provider is unveiling new products targeting customers of SAP AG (SAP) and International Business Machines Corp. (IBM:US) at the company’s OpenWorld customer conference in San Francisco next week. They include a high-end computer system that can tackle more data-processing jobs using fast memory chips…
Revenue growth at Oracle is slowing amid competition in the business-applications market from Salesforce.com Inc. (CRM:US), Workday Inc. (WDAY:US) and other providers of online software. While Ellison has been making acquisitions and investing in cloud tools that run over the Web, Oracle remains dependent on sales of programs installed on customers’ servers.
“License growth has stalled,” said Brent Thill, an analyst at UBS AG in San Francisco, who recommends buying the shares. “They’re underperforming the software market.”…
Read more from the source @ http://www.businessweek.com/news/2013-09-20/oracle-ceo-to-offer-faster-databases-to-get-growth-back-on-track