Larry Ellison: Oracle is 'focused on our star products' paid Oracle
“You have these very modern businesses…growing very rapidly, taking share, clear #1s in the overall marketplace,” Ellison said. “And you have these other businesses that are melting away, and we just don’t care.”For example, for its 2019 fiscal year ended May 31, Oracle’s Fusion ERP and HCM cloud applications revenues grew 32%, and its NetSuite revenue grew 32%.
Ellison said Oracle added more than 5,000 Autonomous Database trials in the fourth quarter. And it saw very rapid growth in the quarter for the key database options needed to run Autonomous Database, which runs on. It can back up or patch itself while it continues to run, with no need for scheduled downtime or human intervention. “No other cloud infrastructure provides anything close to these autonomous features,” Ellison said.
Ellison said he’s encouraged by what he’s seeing. “The things that I find fascinating are the consumption data curves which show our consumption rate growing much faster than the field is currently anticipating,” he said. “To me, that’s just wonderfully encouraging, and hopefully, this is the beginning of a trend. We’ll find out soon.”Oracle posted total revenue for the fiscal year of $39.5 billion, slightly higher in US dollars and up 3% in constant currency compared with the prior fiscal year.
In the fourth quarter, Oracle’s cloud license and on-premises license revenue grew 12% in USD and 15% in constant currency, with the technology segment that includes database licenses showing particularly strong growth.lets companies buy software licenses that they can use on premises, in the cloud, or in a hybrid environment.
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