Tuesday, June 19, 2012

Oracle Is a Bigger Power in the Cloud Than You Thought - Arik Hesseldahl - News - AllThingsD

Also see Oracle’s Results Surpass Analysts’ Expectations (NYT/Reuters)
"But among the nuggets from today’s surprise earnings conference call — held three days earlier than scheduled — was news that not only is Oracle’s business officially killing it, but that Oracle is now on track to be the second-largest software-as-a-service company in the world behind Salesforce.com
How’d that happen? Acquisitions. Earlier this year, Oracle spent a combined $3.3 billion for Taleo and RightNow. The combined effect, as CEO Larry Ellison put it during his remarks on a 35-minute conference call with analysts, is that Oracle is on track to bring in $1 billion in bookings this year."
Oracle Is a Bigger Power in the Cloud Than You Thought - Arik Hesseldahl - News - AllThingsD
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