Larry Ellison
Larry Ellison
Lawrence Joseph "Larry" Ellisonis an American businessman who is co-founder of Oracle Corporation and was CEO from its founding until September 2014. He currently serves as executive chairman and chief technology officer of Oracle. In 2014, he was listed by Forbes magazine as the third-wealthiest person in America and as the fifth-wealthiest person in the world, with a fortune of US$56.2 billion...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth17 August 1944
CityNew York City, NY
CountryUnited States of America
Oracle's latest database, version 12c, was specifically designed for the cloud. Oracle 12c makes all your Oracle applications multitenant applications without you having to make any changes whatsoever to your applications.
Back in 1995, it was very clear to us that we had to stop doing desktop software and we don't do any desktop Windows software, ... We moved everything to big Internet servers. Our database is designed for the Internet, our applications are designed for the Internet.
All our acquisitions are designed to move us into the number one position. Because we believe the lion's share of profits go to category leaders.
Our applications business is strong and getting stronger, ... Oracle's new e-Business Suite puts every aspect of a business -- marketing, sales, service, procurement, supply chain, manufacturing, accounting, human resources -- everything, on the Internet. All the applications in our suite are designed and engineered to work together, so customers buying the entire suite don't need to do any systems integration.
We think this year, this wonderful year, was our period of adjustment, ... We think that transition is behind us and top-line growth will look a lot better this coming year. Our pipeline is just over the moon.
We used to be friends a long time ago, ... a good deal of social time with Bill. Less so recently.
Those that believe this is merely a cyclical downturn are mad. Our industry is going to mature and, as something matures, the rate of innovation does slow.
Twenty minutes compared to never, that's a lot. Our customer, the (U.S.) Central Intelligence Agency (CIA), would get very upset (if) somebody looks in their database,
We highlighted 10 of our more than 450 customers that are currently live after just one year of the e-business suite.
We're very excited about this product. It's one of our biggest announcements for many, many years. It's the result of years of innovation and hard work.
Based on our current pipelines the entire management team believes that the overall year should be very strong, ... Specifically we expect that Oracle's software sales will grow faster this year than last. And margins should continue to improve as well.
As the Internet grows, that's driving our top line, ... Last quarter, our software business grew 30 percent.
At one time we highlighted BEA for a possible acquisition, but less so now. We have passed them up...and they don't really want to be bought.
At one time, BEA was very high on our list. They're less interesting to us than they used to be. They also really don't want to be bought.