Cloud Fever Grips Oracle
October 15, 2012
Grazed from Financial Express. Author: Sudhir Chowdhary.
It generates about $1 billion annual revenue from Web-based software solutions and boasts of 25 million users of its cloud products. It now wants to become a one-stop shop, offering operating systems, databases, computer programs as well as computing infrastructure over the Web. Emerging markets are integral to its growth strategy and the Silicon Valley tech major is moving aggressively in India in terms of investments and positioning its products and solutions for customers here
Not long ago, the founder and chief executive of Oracle, Larry Ellison, had famously mocked cloud computing, terming it as “complete gibberish and a fad.” His outburst came in 2008 to be precise, in response to repeated queries from trade analysts. Seasoned industry watchers attributed the tech billionaire’s annoyance to the hype and hullabaloo around cloud computing than the concept itself. That was then…
Cut to present. Cloud computing is hot these days; there’s no denying it. And Larry is taking the cloud for business very seriously. The 68-year-old founder, who has led the company for over three decades, intends to make his $37.1-billion, 120,000-people strong enterprise software making firm a one-stop shop for cloud-computing products, offering operating systems, databases, computer programs as well as computing infrastructure over the Web…
Read more from the source @ http://www.financialexpress.com/news/cloud-fever-grips-oracle/1016734/0