Oracle (ORCL) CEO Ellison Bashes Competition on Q3 Call
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Revenue Growth %: -1.5%
Financial Fact:
Hardware systems support: 1.05B
Today's EPS Names:
ANF, DXLG, FL, More
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After jet-packing to the local airport and bare-backing a unicorn to Oracle's (Nasdaq: ORCL) quarterly conference call, CEO Larry Ellison took time out of his day to congratulate competitors on a fantastic quarter.
No, no he didn't. The opposite happened, actually.
On Oracle's conference call following its third-quarter earnings announcement, Ellison commented on Oracle's Secure Cloud, saying his company addressed the customers' main concern of security. The connected computers "run in multiple Oracle data centers, and optionally, on computers connected to the Oracle Secure Cloud but installed in the customer's data center behind that customer's secure firewalls," commented Ellison. These innovations were made for customers who want the convenience of cloud computing without the security risks "inherent in multi-tenant public Internet clouds."
He then said: "Salesforce.com (NYSE: CRM) does not offer this kind of security in their cloud. This is a key advantage for us going forward. But by far our biggest application competitor is SAP (NYSE: SAP), not salesforce.com. And SAP does not even offer CRM, HCM and financial applications in the cloud to their large customers. And applications sold to big businesses are the bulk of SAP's revenue. So if you're a large customer that wants to run financial applications in the cloud, SAP does not have a product for you, but we do."
Boom.
Oracle is trading stronger on the session, as is Salesforce. SAP is down about 0.6 percent.
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No, no he didn't. The opposite happened, actually.
On Oracle's conference call following its third-quarter earnings announcement, Ellison commented on Oracle's Secure Cloud, saying his company addressed the customers' main concern of security. The connected computers "run in multiple Oracle data centers, and optionally, on computers connected to the Oracle Secure Cloud but installed in the customer's data center behind that customer's secure firewalls," commented Ellison. These innovations were made for customers who want the convenience of cloud computing without the security risks "inherent in multi-tenant public Internet clouds."
He then said: "Salesforce.com (NYSE: CRM) does not offer this kind of security in their cloud. This is a key advantage for us going forward. But by far our biggest application competitor is SAP (NYSE: SAP), not salesforce.com. And SAP does not even offer CRM, HCM and financial applications in the cloud to their large customers. And applications sold to big businesses are the bulk of SAP's revenue. So if you're a large customer that wants to run financial applications in the cloud, SAP does not have a product for you, but we do."
Boom.
Oracle is trading stronger on the session, as is Salesforce. SAP is down about 0.6 percent.
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