12-17-2016, 01:29 AM
Oracle Corp. believes it can beat Salesforce.com Inc. and challenge Amazon Web Services, but the numbers don’t seem to support that bluster. Oracle ORCL, -3.62% gave an update in its race to $10 billion with Salesforce CRM, +0.07% on Thursday, showing revenue for its cloud business topped $1 billion for the first time in the fiscal second quarter, thanks to a 62% year-over-year surge. In the first half of fiscal 2017, Oracle has reported $2 billion in total cloud revenue, at a growth rate of 61%, figures that include its infrastructure-as-a-service business.
Oracle keeps saying it can beat Salesforce and AWS, but numbers say otherwise - MarketWatch
The firm reported $687 million in operating income on $2.4 billion in revenue for AWS, making it a comparatively more profitable venture than the part of the firm that includes its retail arm. That has come even as it aggressively slashed prices to generate new business. Chief financial officer Brian Olsavsky said that AWS revenue for the year was on track to be "just short" of $10 billion by the end of its fourth quarter.
The cloud wars are seriously heating up - The Washington Post
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This Little-Known Tech Stock Could Be Your Best Opportunity Right Now in Cloud Computing - TheStreet
Microsoft (MSFT) shares are up $1.07, or 1.8%, at $60.72, after Goldman Sachs’s Heather Bellini upgraded the stock to a Buy from neutral, and raised her price target to $68 from $60, as part of a mammoth 72-page report on the future of “public” cloud computing.