Oracle's Ellison Says Cloud Industry Still in Early Days
- Makes presentation during company event in San Francisco
- Billionaire founder says Amazon, Microsoft now biggest rivals
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Oracle Corp. Executive Chairman Larry Ellison said his company will continue its push into the cloud while noting the industry still has much room to grow.
Leadership in the field remained up for grabs with the biggest cloud-only businesses still relatively small -- none at around $100 billion, Ellison said, probably referring to annual sales. Oracle now counts relatively newer entrants such as Amazon.com Inc, Workday Inc. and Microsoft Corp. among its most formidable competitors, the company’s billionaire founder said on Sunday.