Oracle (ORCL) Plans SaaS Partnerships with Microsoft (MSFT), Others
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Price: $114.88 -0.97%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +5.6%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +5.6%
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Microsoft (Nasdaq: MSFT) and peers are indicated for a higher open Friday following comments from Oracle (Nasdaq: ORCL) CEO Larry Ellison on the company's Q4 conference call.
According to a transcript from the call, Ellison said the following when answering a question about the release of the 12C and portable database containers:
Next week, we will be announcing technology partnerships with the most important –the largest and most important SaaS companies and infrastructure companies in the cloud. And they will be using our technology, committing to our technology for years to come. That’s how important we are doing 12c. We think 12c will be the foundation of a modern cloud where you get multi-tenant applications with a high degree of security and a high degree of efficiency, you at least have to sacrifice one for the other.
Again, I would call them a startling series of announcement with companies like salesforce.com (NYSE: CRM), NetSuite (NYSE: N), Microsoft all that happen next week will give you the details. These partnerships in the cloud I think will reshape the cloud and reshape the perception of Oracle Technology in the cloud. 12c in other words is the most important technology we’ve ever developed for this new generation of cloud security.
The news is good for Microsoft at the very least, given the company's desire to build-out a stronger cloud computing ecosystem.
According to a transcript from the call, Ellison said the following when answering a question about the release of the 12C and portable database containers:
Next week, we will be announcing technology partnerships with the most important –the largest and most important SaaS companies and infrastructure companies in the cloud. And they will be using our technology, committing to our technology for years to come. That’s how important we are doing 12c. We think 12c will be the foundation of a modern cloud where you get multi-tenant applications with a high degree of security and a high degree of efficiency, you at least have to sacrifice one for the other.
Again, I would call them a startling series of announcement with companies like salesforce.com (NYSE: CRM), NetSuite (NYSE: N), Microsoft all that happen next week will give you the details. These partnerships in the cloud I think will reshape the cloud and reshape the perception of Oracle Technology in the cloud. 12c in other words is the most important technology we’ve ever developed for this new generation of cloud security.
The news is good for Microsoft at the very least, given the company's desire to build-out a stronger cloud computing ecosystem.
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