Oracle Corporation: Hitting a Cloud Home Run, Internet of Things on Deck

Grazed from Fool. Author: Tim Brugger.

With a market capitalization of over $180 billion, and a flamboyant, America’s Cup-winning CEO in Larry Ellison, it’s not often Oracle (NYSE: ORCL) flies under the radar. But it may have done just that last year, as the company quietly went about making a significant dent in one of the most cutting-edge industries around, cloud computing. Now it’s prepping for the expected growth to come from the Internet of Things, or IoT.

New research from Gartner showed software stalwarts Microsoft (NASDAQ: MSFT) and IBM (NYSE: IBM) at or near the top for software sales in 2013, as measured by revenue. That’s to be expected, but what may be a bit surprising is the leap Oracle made last year compared to its software peers…

Not bad, Oracle

Much has been made of the recent cloud pricing wars, with virtually every key player dropping cloud hosting costs to mere pennies. Clearly, growing cloud revenue is not going to come strictly from hosting, though that’s obviously a key component. As cloud computing goes mainstream, the companies that offer software as a service or SaaS; platform as a service, or PaaS; and similar solutions will lead the way. According to Gartner, that’s exactly what Oracle is doing…

Read more from the source @ http://www.fool.com/investing/general/2014/04/01/oracle-corporation-hitting-a-cloud-homerun-interne.aspx

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