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
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,
Oracle's database and e-Business applications have become the software standard for the Internet, ... All 10 of the world's biggest Web sites use Oracle, as do 93 percent of the public dot.com companies. The faster the Internet grows, the faster we grow.
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.
This is going to be an outstanding year for applications growth - don't let the 42 percent fool you.
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.