Oracle's (ORCL) Ellison Fires Shots at salesforce (CRM) with Q4 Report

Oracle (NYSE: ORCL) Executive Chairman and CTO Larry Ellison took a jab at salesforce.com (NYSE: CRM) on Wednesday afternoon.

With Oracle's Q4 release, Ellison commented [emphasis ours]: We expect to book between $1.5 and $2.0 billion of new SaaS and PaaS business this fiscal year ... that means Oracle would sell more new SaaS and PaaS business than salesforce.com plans to sell in their current fiscal year -- the only remaining question is how much more. Oracle's planned SaaS and PaaS revenue growth rate is around 60% in constant currency; salesforce.com has a planned growth rate of around 20%.

You May Also Be Interested In

• Nanometrics (NANO) Issues Business Update, Reports FY23 Results
• Oracle Protects Healthcare Customers Against Cyberattacks
• Oracle (ORCL) Cloud Secret Impact Level 6 Regions for U.S. Department of Defense