CEO Larry Ellison says that the company is “a little" interested in the cloud computing market.

Oracle intends to become the main on-demand software supplier in the market. The statement was made by Larry Ellison, the company's CEO, during the announcement of the company’s financial results on the latest fiscal year.
The executive said that the change that will steer the company towards the on-demand software market leadership will be progressive, and may last up to a decade. This will take place despite the fact that "software as a service” sales represented a faster growth for the company over the last quarters when compared to the traditional sales model.
The delivery models, according to Ellison, will be adjusted to the customers’ demands. However, when questioned whether the company is interested in the cloud computing market, the CEO replied: “A little”.
The executive recognized that Oracle is still not a major cloud computing player, since revenues over the last quarters originated strongly from software installation and licenses sales.
The main reason for this orientation towards cloud computing lies in how to make this model feasible and how this impacts on the Fusion solution – the company’s proposal to merge tools from the ten companies acquired over the past years.
The CEO did not specify how Fusion’s on-demand applications will be, but he did say that these details will be disclosed to the market shortly.
The concept has been built upon an architecture that allows working on the business logic data separately from the users’ interface. In order to do so, Oracle used a simplified Java approach in some of the services. This results in an application which is less monolithic and easier to customize.

Source: http://www.itweb.com.br/noticias/index.asp?cod=58591