Oh Larry, never change! Oracle founder Larry Ellison took his customary swipe recently, this time directed at AWS, following the release of the company’s quarterly results.
Which saw cloud revenue jump 51% for Oracle.
It now makes up 16% of the company’s overall quarterly revenue, now hovering at $1.5 billion for the three-month period ending August 31, 2017. Despite this cloud success, Oracle’s on-promises software still accounted for a wholesome 65% of the company’s $9.2 billion quarterly revenue.
But anyway, speaking during an earnings call, Ellison took a shot at the public cloud leader AWS, ahead of the launch of Oracle’s automated cloud database products.
Basically, claiming that these solutions will have a downtime of less than 30 minutes a year:
“To achieve that level of reliability, Oracle has to automatically tune, patch, and upgrade itself, while the system is running. AWS can’t do any of this stuff.
Perhaps the most interesting aspect of autonomous systems, on our new self-driving database are the economics that surround total automation. Customers moving from Amazon’s Redshift to Oracle’s autonomous databases can expect to cut their cost in half or more and Oracle will be providing SLAs that guarantee those cost settings to customers that move.”
This Amazon Web Services competitor may be finding massive successes, but not everything is rosy.
Oracle’s on-premises revenue was flat at $5.9 billion, while new software licensing was down 6% to end up at $996 million. And despite the improvements in the cloud, Oracle share prices fell as much as 5% following the results, as a result of weaker than expected guidance for Q2.
Never a dull moment!