An oracle, according to one online dictionary, is a statement given by a highly regarded person that can be ambiguous or obscure.
By that measure Oracle Corp. CEO Larry Ellison issued a few oracles on Thursday.
During a conference call with financial analysts after releasing the company’s latest results, Ellison briefly mentioned an upcoming version of its database that will more directly challenge SAP’s HANA in-memory platform.
In addition, Ellison also said the company will make some “startling” announcements next week.
Oracle’s [Nasdaq: ORCL] numbers were “respectable” one financial analyst said, but not new licence sales. New software licenses and cloud software subscriptions revenues were up one per cent to US$4.0 billion.
“Oracle’s HCM Cloud, CRM Cloud and ERP Cloud grew 50 per cent as we added over 500 new SaaS customers in Q4 alone,” Oracle president Mark Hurd said in a statement. “Our annualized SaaS revenue run rate is over $1 billion, making us a strong No. 2 in cloud applications – we are larger than SAP and Workday combined. Furthermore, in Q4 our HCM cloud alone generated more SaaS revenue and added more new Fusion HCM customers than Workday added HCM and ERP customers combined in their most recent quarter.”
A New Application Development Approach for Today’s Speed of Business
As IT departments’ lists of backlogged application development projects keep growing, so does the speed of new development requests from line-of-business personnel. For many IT departments, the speed of business can’t be met under current practices. This inability to keep pace with critical development requests, supporting timely strategy modifications, seriously impacts an enterprise’s profitability.