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
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.
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.
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,
Our target has been low double-digit growth for databases, so we were not that far off.
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,
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.
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.
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 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.