Oracle Shares Rise as Q2 Beats Street Estimates | Re/code

Another blurry snapshot of Oracle's cloudy future

"Another closely watched metric is cloud bookings, an indicator of future business on cloud software. Larry Ellison, Oracle’s founder, chairman and CTO, said in a statement that the company expects bookings for cloud software to reach $250 million by the fourth quarter, and to break the $1 billion mark by Oracle’s fiscal year 2016. The company has been navigating a transition toward selling its software on a subscription basis versus its traditional method of selling it “on-premise” or installed on the customers own hardware."

Oracle Shares Rise as Q2 Beats Street Estimates | Re/code