Oracle Counting Big on Cloud Computing in Asian Markets
October 17, 2012
Grazed from GDP Watch. Author: Roy Barnes.
Larry Ellison, the chief executive of Oracle recently mocked on cloud computing, calling it as “complete gibberish and a fad.” It was in 2008 that his outburst was due to repetitive queries from the analysts. At that time, seasoned industry spectators attributed his annoyance to the hype about cloud computing.
But cloud computing is hot nowadays, and nobody is denying it. And, now Larry has also taken the cloud computing business seriously. Since three decades, the founder is leading the company and now he is intending to make his 120,000-people, $37.1 billion enterprise software a one-stop market for cloud products, offering databases, operating systems, computer programs and computing infrastructure…
He has placed the company into a major restructuring mode to grasp new opportunities. To give a strong momentum to his dream, he has deployed smart managers at strategic levels. The marketing team of Oracle has been doing well to accelerate the sales of the new cloud software. When it comes to new offerings from cloud, the research and development teams are still working at a wild pace to offer it. Oracle is planning to invest $5 billion for R&D this year; it invested $4.5 billion last year…
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