Oracle Set to Launch Cloud Application Server
Oracle (NASDAQ:ORCL) is one of the largest enterprise software makers, which competes with SAP (NYSE:SAP), Microsoft (NASDAQ:MSFT), IBM (NYSE:IBM) and Salesforce.com‘s (NASDAQ:CRM) in the highly competitive industry. It recently embraced cloud computing at its OpenWorld conference after months of denying its existence by launching the Oracle Public Cloud. It is going to unveil the next version of its application server, WebLogic 12c, which will allow enterprise customers to build their own private clouds when coupled with the Exalogic application server appliance. [1]
See our complete analysis for Oracle stock.
We currently have a $40 Trefis price estimate for Oracle, which stands nearly 30% above its current market price. Database, Application and Middleware software account for nearly 80% of its Trefis price estimate, while Servers and Storage hardware account for another 10%.
Oracle Focused on the Cloud to Drive Enterprise Software Sales
Oracle will offer almost all its major offerings including database, middleware and other Fusion applications as part of the Oracle Public Cloud. With the WebLogic and Exalogic application server offerings, customers will be able to run Oracle Fusion applications, Fusion Middleware and the Oracle Database on their own private cloud, and also move the applications to Oracle’s Public Cloud easily.
Oracle’s official statement said:
Today most businesses have the ambition to move to a cloud infrastructure. However, IT needs to maintain and invest in their current infrastructure for supporting today’s business. With Oracle WebLogic, we provide you with the best of both worlds.
Oracle recently also acquired RightNow, a leading provider of cloud based customer service, to compete with Salesforce.com, the leader in the cloud based CRM market. Oracle is hoping to carry forward its dominance in traditional enterprise software to the cloud based, on-demand enterprise software market, and it has a very good chance at succeeding.
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