Oracle now second largest cloud saas company
Monday, 23 June 2014
Now Oracle Corporation is the industry's second-largest SaaS vendor with 3% to $11.3 billion total revenue up for Q4 of Fiscal 2014 while SaaS (software-as-a-service) and PaaS (platform-as-a-service) revenue rose 25 percent to $322 million and IaaS (infrastructure-as-a-service) sales jumped 13 percent to $128 million.
New software licenses revenues were unchanged at $3.8 billion. Software license updates and product support revenues were up 7% to $4.7 billion. Overall hardware systems revenues were up 2% to $1.5 billion with hardware systems products up 2% to $870 million, and hardware systems support up 2% to $596 million.
"Oracle is now the second largest SaaS company in the world," said Oracle CEO Larry Ellison, said a statement.