Oracle is trying harder in the cloud.
The database giant trails leaders Amazon, Microsoft and Alphabet’s Google in the cloud wars, but Oracle Cloud SVP Steve Daheb says the database giant takes a more integrated approach to the cloud that he believes will pay off.
For Oracle, there’s the traditional software-as-a-service (SaaS) layer comprised of business applications for human resources, sales and marketing, etc. Them there’s the platform-as-a-service (PaaS) layer where the database lives and where integration, analytics and security come into play. And then underneath all that, there’s the infrastructure-as-a-service (Iaas) segment that handles machine learning and AI workloads.
This combined approach extends to how Oracle accounts for its cloud business, grouping all three of them, along with traditional software license update and product support revenue into one category in its earnings report. This decision, announced last June, didn’t sit well with some analysts, who preferred to see more granular results. But Daheb maintains that the grouping reflects how customers buy services today, with a mixture of on-premise database licenses and cloud-based solutions.
Beyond how it sells and groups its cloud business, Oracle is also trying to differentiate its offerings by offering an “autonomous” database that’s self-healing and self-patching, as well as embedding machine learning and AI into its cloud solutions.
Jim Cramer’s Action Alerts Plus portfolio is a strong believer in the trend towards the cloud and the ability of companies to profit from it.
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