Oracle extends cloud offerings

Oracle Corp founder and Executive Chairman Larry Ellison said his database company is expanding its cloud-computing offerings, bringing Oracle into more direct competition with Amazon.com Inc. “We’re prepared to compete with Amazon.com on price,” said Ellison in a webcast presentation recently, after announcing that Oracle would offer online storage and oracle_summit_09252013_620_412_100capability for customers to run their applications entirely in Oracle’s cloud.

Oracle Cloud Platform is experiencing exponential growth and is already powering some of the world’s most recognizable brands and organizations.

“Oracle is growing really fast. We sold $426M worth of business in SaaS and PaaS last quarter, a 200 percent increase over the same quarter last year. That’s an industry record, no company has ever sold that much in just one quarter,” said Ellison. “Oracle is the only company on the planet that can deliver a complete, integrated, standards-based suite of services at every layer of the cloud. Those technology advantages enable us to be much more cost-effective than our competitors. Our new Archive Storage service goes head-to-head with Amazon Glacier and it’s one-tenth their price.”


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