Oracle Still Sees Databases as the Cloud’s Mother Lode
Oracle has built a massive enterprise applications business over the decades: It bought PeopleSoft for $10 billion in 2004, Siebel Systems for nearly $6 billion the following year, and closed a $9.3 billion purchase of NetSuite a few months ago. Despite that, the company clearly still sees databases as Oracle's bedrock, which is why it's critical that, moving forward, those databases run on Oracle's nascent cloud infrastructure.