Shares of Oracle (ORCL) are climbing after the company posted better-than-expected first quarter results and announced partnerships with tech giants Amazon (...
). Moor Insights & Strategy founder, CEO, and chief analyst Patrick Moorhead joins Asking for a Trend to dig into the earnings and discuss how the company stands to benefit from the AI race.
"Where Oracle has been exceptionally strong has been in the largest enterprise governments that require the most security mission critical environments and very highly regulated," he adds. Moorhead highlights three facets of cloud enterprises for the company: its Oracle Cloud Infrastructure , SaaS segment, and its commercial business."On a scale basis, they're doing quite well," he says.
And Aws is uh thesis before this was they were gonna take out Oracle and that was in addition to uh Azure and Google for these large enterprise customers and they, they would use uh their database.And this adds on to the deal uh that came previously with Microsoft and then Google was that Oracle Database is very much uh alive and well.So literally, they were putting exit database boxes inside of Aws and uh giving customers the ability to run the autonomous database on this as well.
So, in the cloud space, they very much compete with both those companies and they're really uh three facets of cloud or uh Oracle. And then you have the SAS business, the software service competes primarily with Microsoft that is a cloud play. VICTORIA — Sources in the Official Opposition BC United party have leaked a file on the "extremism" of the B.C. Conservatives' executive director, Angelo Isidorou, less than two weeks after the parties' leaders announced a deal to work together.Exicure, Inc. Announces Proposed Settlement of Securities Class Action Litigation
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