Oracle BrandVoice: Larry Ellison: Integrated Cloud Suites Key To Oracle's Q3 Application Growth [Forbes]
Oracle Corporation (ORCL)
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Source: Forbes
Larry Ellison: Integrated Cloud Suites Key To Oracle's Q3 Application Growth As companies modernize the decades-old software systems that still run their businesses, they’re turning to integrated suites of cloud applications—finance, sales, marketing, HR, and supply chain apps that easily talk with one another. It’s a big reason ’s cloud applications business is growing so fast, Chairman and CTO Larry Ellison said on the company’s third-quarter earnings call. “Customers do not like to be responsible for the complex process of integrating lots of different applications, running on lots of different vendors’ clouds,” Ellison said. provides that front- and back-office integration in its cloud-based application suites. reported third-quarter revenue of $9.6 billion. Its total cloud services and license support revenue was $6.7 billion, representing 69% of revenue. CEO Mark Hurd said revenue for the company’s Fusion human capital management, enterprise resource planning, supply chain, a
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