Microsoft on hand for Oracle's cloud-computing push
"These companies will be committing to our technology for years to come," was the bold statement made by Oracle CEO Larry Ellison over the weekend.
Set to announce major tech partnerships with both Microsoft and Salesforce.com, the company is preparing to unveil plans to move into the cloud-computing market.
"Next week we will be announcing technology partnerships with the largest and most important SaaS companies and infrastructure companies in the cloud," Ellison said in a conference call with Wall Street analysts.
Saying these "partnerships will reshape the cloud", Ellison's admission follows news that the company's stock price fell over 9% on Friday - as growth in software licences stalled.
While expected to centre on the company's Database 12c, Oracle president Mark Hurd, Microsoft CEO Steve Ballmer and server and tools business president Satya Nadella will all address the press today in what is believed to be a confirmation of the partnership.
Oracle is also expected to announce a deal with NetSuite, who along with Salesforce.com has used the company's database to build their services previously. With this in mind an upgrade to 12c is likely most analysts claim.
The company announced revenue of US$10.9 billion during its fourth quarter earnings last week, with a 10% profit rise to $3.8 billion.
Will the partnership centre around Database 12c? Tell us your predictions below