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
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.
While that may underscore our database growth in the fourth quarter, it bodes extremely well for database sales in the first quarter, and the second quarter and the third quarter, ... It's because we didn't sweep the table in the fourth quarter and we will never sweep the table again.
No one has ever done this before. We think it will be a huge market and we think it will help drive database growth for years to come.
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.
The real highlight of our most recent quarter was the 57 percent growth in our applications business, and this merger is going to make that applications business bigger and stronger,
We believe that our growth and PeopleSoft's decline resulted in part from an increase in our competitive win rate over PeopleSoft, and the fact that we are beginning to replace PeopleSoft at a number of major accounts,
Lanai at one time grew 98% of the world's pineapples. But the world's pineapples are now grown in two places, Costa Rica and Panama, because no one wants to spend $45 for a pineapple from the United States.
Our target has been low double-digit growth for databases, so we were not that far off.
This is going to be an outstanding year for applications growth - don't let the 42 percent fool you.
I don't think that's an unreasonable target, ... through a combination of acquisitions and organic growth.
In order to grow at this pace, there'll have to be a couple of acquisitions along the way. The tricky thing is to grow at this rate and maintain a 40 percent operating margin.
The growth rate is also higher than our database business. It's a sticky business with the license renewals and is on the high end of our value chain.
The growth of corporate intranets and the World Wide Web is driving demand for both the Oracle8i database and our applications,
We highlighted 10 of our more than 450 customers that are currently live after just one year of the e-business suite.