8 years ago054NetSuite Inc. shareholders endorsed Oracle Corp.’s bid for the software provider, clearing the path for the $9 billion acquisition after weeks of conflict between a large investor and executives over the price tag.
The deal received approval from 53 percent, or 21.78 million shares, of NetSuite stockholders that were eligible to...
8 years ago050Larry Ellison continued his assault on Amazon during his second keynote address at Oracle OpenWorld on Tuesday.
"Amazon Web Services are simply not optimized for the Oracle Database. I'll go further than that: Amazon Web Services aren't optimized for their own databases either, as you will see," he said, while displaying a set of...
8 years ago051Oracle has a lot of catching up to do in the cloud.
If Barnes & Noble said it was going to undercut Amazon on book sales, would you believe them?
The same may go for Oracle and cloud services. Oracle CEO Larry Ellison said Sept. 20 that his company’s new database-as-a-service is faster and cheaper than Amazon Web Services,...
8 years ago059SaaS and PaaS sales climbed sharply, but revenue and profits were down
Oracle reported its fourth consecutive quarter of declining revenue on Tuesday, as rapid growth in its cloud business failed to offset the tepid demand for more traditional products.
Oracle said sales of its cloud services jumped 40 percent in the quarter ended...