Wednesday, March 18, 2015

Oracle Sales Miss Estimates; Shares Rise on Cloud Optimism - Bloomberg Business

Cloudy math; Larry Ellison projects, in Oracle/Salesforce competition, “It’s going to be close, but I think we're going to sell more in the cloud than they do this year.” Also see Oracle Q3 Meets Estimates as It Weathers Currency Effects (Re/code) for some fun Larry Ellison perspectives on SAP and other Oracle competitors.
"Combined sales in Oracle’s cloud software, platform-as-a-service -- known as PaaS -- and infrastructure businesses were $527 million, up 29 percent from $408 million a year earlier. The company started disclosing cloud revenue in June.
In the long term, Oracle’s transition to the cloud should benefit the bottom line, Catz said on the conference call.
“For every million dollars of license we sell, we expect to collect another million dollars of support over five years for a total of $2 million,” she said. “While for every million of PaaS we sell, we actually expect to collect $5 million over five years.”"
Oracle Sales Miss Estimates; Shares Rise on Cloud Optimism - Bloomberg Business
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