In recent Oracle news, the Q4 report drops Oracle stock, but Ellison more focused on cloud gains. Oracle released new Virtual Compute Appliance.

Oracle reported its Q4 earnings on June 19, which fell short of analyst expectations. Analysts were looking for adjusted earnings of approximately $0.95 per share on $11.5 billion in sales. Oracle’s actual report showed fourth-quarter sales rising 3% year-over-year to $11.3 billion, while non-GAAP earnings went up by 6% to $0.92 per diluted share. In other words, Oracle did not meet the analysts’ expectations in either category.

Continue Reading This Article

You forgot to provide an Email Address.

This email address doesn’t appear to be valid.

This email address is already registered. Please login .

You have exceeded the maximum character limit.

When the news hit the stock market, Oracle shares went down by almost 9%. Oracle stock prices have risen slightly since their precipitous fall, but have not climbed back to pre-release numbers.

Ellison: Oracle’s goal is to be number one in SaaS and PaaS

Oracle’s Q4 report emphasized the company’s dedication to cloud computing. Ellison confirmed that Oracle’s new goal was to become the number one player in two of cloud computing’s most profitable fields, Software as a Service (SaaS) and Platform as a Service (PaaS). Ellison expects to accomplish this on the strength of Oracle’s CRM, ERP and SaaS cloud portfolio.

Can they do it? The total value of Oracle’s cloud-related accepted term contracts and contracted work and services went up by 37% over the last year, and Oracle added 870 more cloud customers in the fourth quarter. Sales Force Automation bookings went up by 80% last quarter and Oracle added 120 ERP customers to Fusion in Q4. Ellison has made the bold claim that Oracle is No. 1 or No. 2 in every category of SaaS already. Only time will tell if he’s right.

Oracle releases Virtual Compute Appliance X4-2

On June 24, Oracle released its Virtual Compute Appliance X4-2, touted as an integrated system for all virtual needs. The highlighted features in the new Virtual Compute Appliance are its completeness and its ease-of use. Virtual Compute Appliance is not engineered for a specific application, but can run anything, including products created by Microsoft and others. It is also built on standard nodes, to allow for easy growth. Wim Cokaerts, vice president for Linux and Virtual Engineering, described the system as taking an hour to set up at most. Virtual Compute Appliance was built with doubles of all physical hardware and built-in failover for virtual databases.