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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: For a while, Oracle had the typical big-tech problem—often late to the market, too comfortable with the traditional enterprise business and large, bureaucratic setups. Amazon, Google, a resurgent Microsoft and a host of new cloud and software-as-a-service companies flooded the market. In the first issue of Oversize, I wrote about IBM’s similar conundrums. That said, Oracle has now posted double-digit growth in constant currency earnings per share for the third year in a row. Results for the fourth quarter, which ended 31 May 2020, were mixed as customers in industries impacted by the COVID-19 pandemic, such as hospitality and retail, postponed purchases, but the company did manage to snag a few notable cloud infrastructure customer wins, including 8x8 and Zoom. So how is it that Oracle, a legacy tech company if there’s any, is able to keep growing? When it comes to cloud tech today, you essentially have three markets. The first is “infrastructure-as-a-service”, or IaaS, what you would generally think of when you hear “cloud computing”; essentially, this is renting out computing power, storage space, etc., the basic infrastructure. …
Editor's note: For a while, Oracle had the typical big-tech problem—often late to the market, too comfortable with the traditional enterprise business and large, bureaucratic setups. Amazon, Google, a resurgent Microsoft and a host of new cloud and software-as-a-service companies flooded the market. In the first issue of Oversize, I wrote about IBM’s similar conundrums. That said, Oracle has now posted double-digit growth in constant currency earnings per share for the third year in a row. Results for the fourth quarter, which ended 31 May 2020, were mixed as customers in industries impacted by the COVID-19 pandemic, such as hospitality and retail, postponed purchases, but the company did manage to snag a few notable cloud infrastructure customer wins, including 8x8 and Zoom. So how is it that Oracle, a legacy tech company if there’s any, is able to keep growing? When it comes to cloud tech today, you essentially have three markets. The first is “infrastructure-as-a-service”, or IaaS, what you would generally think of when you hear “cloud computing”; essentially, this is renting out computing power, storage space, etc., the basic infrastructure. …
The 15-year-old cloud services provider has raised a hefty sum, thanks to a timely shift to an AI-first approach. It’s now gearing up for opportunities beyond the private sector amid intensifying competition.
The two startups are seemingly doing well, leaving affected employees wondering about the real reason for the job cuts.
In the past, what has worked for the conglomerate, especially in the case of Jio, is pricing. But offering advanced tech will need a lot more than discounts.
The 15-year-old cloud services provider has raised a hefty sum, thanks to a timely shift to an AI-first approach. It’s now gearing up for opportunities beyond the private sector amid intensifying competition.
The two startups are seemingly doing well, leaving affected employees wondering about the real reason for the job cuts.
In the past, what has worked for the conglomerate, especially in the case of Jio, is pricing. But offering advanced tech will need a lot more than discounts.
