Oracle Struggles in Q3 But Has Big Summer Plans

For its third fiscal quarter, which ended on Feb. 28, Oracle reportedsales and profits that failed to meet analyst expectations. However, CEO Larry Ellison and other executives said that they expect better news this summer, when the company plans to launch in-memory technology for Database 12c, to update its Fusion apps and to make its IaaS and PaaS cloud computing offerings generally available.

Ellison said the cloud services will be priced similar to Amazon’s and added, “The big differentiator, for us, is, along with Infrastructure as a Service, we have a very strong Platform as a Service offering coming out with our infrastructure… Customers are going to come to us and buy our platform in the cloud and buy infrastructure in the cloud, and move a lot of their existing applications out of their own data centers into our cloud, and they can do that without having to change their applications at all.”

About the in-memory technology he said, “With the release of Oracle In-Memory database with 12c, our data analytics performance is going to increase by more than a factor of 10 — some cases more than a factor of 100. We think this summer with 12c, our data analytics business is going to take off. And, of course, the intention is to sell a lot of those data analytics products in the cloud, as opposed to on-premise.”

View article

Share the Post:
Share on facebook
Share on twitter
Share on linkedin

Overview

The Latest

technology leadership

Why the World Needs More Technology Leadership

As a fact, technology has touched every single aspect of our lives. And there are some technology giants in today’s world which have been frequently opined to have a strong influence on recent overall technological influence. Moreover, those tech giants have popular technology leaders leading the companies toward achieving greatness.

iOS app development

The Future of iOS App Development: Trends to Watch

When it launched in 2008, the Apple App Store only had 500 apps available. By the first quarter of 2022, the store had about 2.18 million iOS-exclusive apps. Average monthly app releases for the platform reached 34,000 in the first half of 2022, indicating rapid growth in iOS app development.

microsoft careers

Top Careers at Microsoft

Microsoft has gained its position as one of the top companies in the world, and Microsoft careers are flourishing. This multinational company is efficiently developing popular software and computers with other consumer electronics. It is a dream come true for so many people to acquire a high paid, high-prestige job